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Rally Reaches 76.4% Fibo Retrace.......>

AUSSIE TECHS
AUSSIE TECHS: Rally Reaches 76.4% Fibo Retrace Level
*RES 4: $0.7805/14 76.4% $0.7898-$0.7502, 50% $0.8126-$0.7502
*RES 3: $0.7740 38.2% Fibo of $0.8126-$0.7502
*RES 2: $0.7727/30 2% volatility band, Nov 2 high
*RES 1: $0.7676 76.4% Fibo of $0.7730-$0.7502
*PRICE: $0.7657 @0955GMT 
*SUP 1: $0.7610 Hourly support
*SUP 2: $0.7581 Dec 12 high, now support
*SUP 3: $0.7565/70 Hourly congestion Dec 12-13
*SUP 4: $0.7546 Dec 11 high, hourly base Dec 12
*COMMENTARY* Having continued to find support from above the lower 1% volatility
band and also the 6 week bear channel base, Tuesday's move back above $0.7555-60
was the first tentative step in the recovery process. The further rise through
0.7598-$0.7625 on Wednesday, has enabled a challenge to the 76.4% Fibo retrace
level at $0.7676. This the remaining bar to a $0.7727-$0.7740 rise. Support now
from 0.7610 protects against deeper correction. 

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