Recovery Falters On Approach To........>

AUSSIE TECHS: Recovery Falters On Approach To $0.7775-$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: $0.7769/75 Apr 10 high, 1% volatility band

*PRICE: $0.7747 @0910GMT 

*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. Tuesday saw a high

of $0.7769, shy of a look at the upper 1% volatility band, at $0.7775 today and

the Mar 22 high at $0.7786. Has since taken a step back but while support from

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

would open up $0.7691-$0.7670 below.