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Rally Eyes 6 Week Bull Channel Top.....>

AUSSIE TECHS
AUSSIE TECHS: Rally Eyes 6 Week Bull Channel Top
*RES 4: $0.8059 Sep 11 high
*RES 3: $0.8050 2% volatility band
*RES 2: $0.8039 Max 5th wave target in rise from $0.7502
*RES 1: $0.8000/10 Hourly resistance, 6 week bull channel top
*PRICE: $0.7973 @0940GMT 
*SUP 1: $0.7927/37 Hourly resistance, Jan 16 low
*SUP 2: $0.7903/05 Hourly low/high Jan 12
*SUP 3: $0.7875 Congestion Jan 11-12, 6 week channel base
*SUP 4: $0.7848 Jan 12 low
*COMMENTARY* Found support from $0.7808 last week. The subsequent move back
above the year's $0.7875 high, has now seen a further rise through the 76.4%
Fibo resistance level at $0.7979. Through here and $0.8000-$0.8010 presents an
initial barrier to a potentially higher $0.8039-$0.8059 rise. As a result,
support comes from the slightly higher $0.7937-$0.7927 area, above the latter
keeps the downside protected against corrective forces.

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