Recovery Approaches $0.7777-$0.7786....>

AUSSIE TECHS: Recovery Approaches $0.7777-$0.7786 Resistance

*RES 4: $0.7837/52 2 month falling res line, 2% vol band

*RES 3: $0.7812 61.8% Fibo of $0.7917-$0.7643

*RES 2: $0.7786 Mar 22 high

*RES 1: $0.7777 1% volatility band

*PRICE: $0.7766 @1555GMT 

*SUP 1: $0.7717/27 Hourly base Apr 10, Apr 4 high

*SUP 2: $0.7691 Hourly pullback low Apr 9

*SUP 3: $0.7670/75 Series of lows Mar 30-Apr 6

*SUP 4: $0.7641/43 Equality fall from $0.7917, Mar 29 low

*COMMENTARY* Has recovered well since last month's fall to $0.7643, just above

the equality fall target at the slightly lower $0.7641 level. Have continued the

rise today, as we now approach the upper 1% volatility band, at $0.7777 and the

Mar 22 high at $0.7786. Will need to sustain a move through the latter before

thoughts will turn to $0.7812-$0.7837. While support from between

$0.7727-$0.7717 holds, then recent upward momentum remains intact.