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

AUSSIE TECHS: Recovery Hopes Still Pinned On $0.7645-$0.7650 Break

*RES 4: $0.7749/59 2% vol band, 38.2% of $0.8126-$0.7532

*RES 3: $0.7730/33 Nov 2 high, Oct 6 low

*RES 2: $0.7675/85 1% vol band, congestion area Nov 8-10 

*RES 1: $0.7645/50 Nov 27, Nov 14 highs

*PRICE: $0.7604 @1258GMT 

*SUP 1: $0.7575/80 Hourly support

*SUP 2: $0.7551/52 Nov 30, Nov 29 lows

*SUP 3: $0.7532 Nov 21 low

*SUP 4: $0.7520 1% vol band, 76.4% of $0.7333-$0.8126

*COMMENTARY* Continued to try and push lower for the latter part of last month

but found it increasingly difficult to deal with support from above the lower 1%

volatility band and the 76.4% Fibo retrace level now at $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, $0.7580-$0.7551

provides near term protection.