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Rally Reaches 1% volatility Band,......>

AUSSIE TECHS
AUSSIE TECHS: Rally Reaches 1% volatility Band, $0.7924 Next Test Higher
*RES 4: $0.7989 Feb 16 high
*RES 3: $0.7974 61.8% Fibo of $0.8136-$0.7713, 2% vol band
*RES 2: $0.7924 76.4% $0.7989-$0.7713, 50% $0.8136-$0.7713
*RES 1: $0.7893/98 1% volatility band, Mar 13 high
*PRICE: $0.7888 @0916GMT 
*SUP 1: $0.7820/30 Hourly support
*SUP 2: $0.7795 Hourly congestion Mar 7-Mar 9
*SUP 3: $0.7772/73 Mar 7-Mar 8 lows
*SUP 4: $0.7750/55 Congestion area Mar 1-Mar 5
*COMMENTARY* Break beneath the previous $0.7759 low last week resulted in a base
at $0.7713, before picking up again. This kept us above the lower 1% volatility
band and with the added emphasis of a 0.7794 break, have seen a test to $0.7898,
just through the upper 1% volatility band. Through here and $0.7924 becomes the
next test to the rally. Support comes initially from above $0.7830-$0.7795,
although the $0.7773-$0.7772 area currently provides a stronger level below.

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