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Recovery Still Needs A $0.7701 Break...>

AUSSIE TECHS
AUSSIE TECHS: Recovery Still Needs A $0.7701 Break To Be Of Consequence
*RES 4: $0.7770 Oct 24 low, now resistance
*RES 3: $0.7754 50% Fibo of $0.7884-$0.7625
*RES 2: $0.7724/30 38.2% of $0.7884-$0.7625, Nov 3 high
*RES 1: $0.7695/01 Nov 10, Nov 7 highs
*PRICE: $0.7661 @0640GMT 
*SUP 1: $0.7625/31 Oct 27 low, 1.618 swing of $0.7733-$0.7898
*SUP 2: $0.7571 Jul 5 low
*SUP 3: $0.7560 1.618 swing of $0.7625-$0.7730
*SUP 4: $0.7535 Jun 22 low
*COMMENTARY* Another test towards $0.7625 support last Tuesday, before
recovering, aided by some oversold hourly conditions. To be of any substance
however, then rallies must firstly make it back through $0.7695 and then more
importantly Tuesday's $0.7701 high. While capped here, then the near term bias
will remain for lower and eventually another $0.7625 challenge. Beneath which
the lower 1% volatility band at $0.7599 then protects $0.7571-$0.7560.

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