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Recovery Hopes Still Pinned On.........>

AUSSIE TECHS
AUSSIE TECHS: Recovery Hopes Still Pinned On $0.7520-$0.7513 Support
*RES 4: $0.7730/33 Nov 2 high, Oct 6 low
*RES 3: $0.7680/85 Congestion area Nov 8-10
*RES 2: $0.7645/50 Nov 27, Nov 14 highs
*RES 1: $0.7610/20 Hourly resistance
*PRICE: $0.7566 @1315GMT 
*SUP 1: $0.7552/55 Nov 29, Nov 22 lows
*SUP 2: $0.7532 Nov 21 low
*SUP 3: $0.7513/20 1% vol band, 76.4% of $0.7333-$0.8126
*SUP 4: $0.7462 1.618 swing of $0.7532-$0.7645
*COMMENTARY* Continued to try and push lower for the early part of last week but
found it increasingly difficult to deal with support from above the lower 1%
volatility band and the 76.4% Fibo retrace level now between $0.7513-$0.7520. In
the interim, have seen a rally back to $0.7645 but without a break of this and
$0.7650 then any meaningful recovery is on the backburner. Meanwhile,
$0.7552-$0.7532 provides near term protection.

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