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Rally Fails Into The $0.7812-$0.7813...>

AUSSIE TECHS
AUSSIE TECHS: Rally Fails Into The $0.7812-$0.7813 Target Zone
*RES 4: $0.7852 76.4% Fibo of $0.7917-$0.7643
*RES 3: $0.7827 1% volatility band
*RES 2: $0.7812/13 61.8% $0.7917-$0.7643, 2 month res line
*RES 1: $0.7785/95 Hourly resistance
*PRICE: $0.7735 @1710GMT 
*SUP 1: $0.7727/32 Apr 4 high, 50% Fibo of $0.7650-$0.7813
*SUP 2: $0.7711/12 Apr 9 high, 61.8% Fibo of $0.7650-$0.7813
*SUP 3: $0.7688 76.4% Fibo of $0.7650-$0.7813
*SUP 4: $0.7672 1% volatility band
*COMMENTARY* Once again saw a challenge to $0.7812-$0.7813 resistance, a
combination of a 61.8% Fibo retrace level and the 2 month falling resistance
line. While capped here, then immediate risk is for lower and a move back
towards $0.7727 support. Have to hold here now, or recent upside momentum will
be in jeopardy and open up deeper corrective potential of gains from $0.7650. In
the interim, nearest resistance falls to $0.7785-$0.7795. 

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