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Rally Reaches 6 Week Bull Channel......>

AUSSIE TECHS
AUSSIE TECHS: Rally Reaches 6 Week Bull Channel Top
*RES 4: $0.8059/62 Sep 11 high, 2% volatility band
*RES 3: $0.8039 Max 5th wave target in rise from $0.7502
*RES 2: $0.8023 Jan 17 high, 6 week bull channel top
*RES 1: $0.8000/05 Hourly resistance
*PRICE: $0.7983 @0926GMT 
*SUP 1: $0.7937/43 Jan 16, intraday lows
*SUP 2: $0.7915 Hourly high/low Jan 15
*SUP 3: $0.7890 6 week rising support line
*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 the 6 week bull channel top
at $0.8023 presents an initial barrier to a potentially higher $0.8039-$0.8062
rise. As a result, support comes from the slightly higher $0.7943-$0.7937 area,
above the latter keeps the downside protected against corrective forces. 

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