Retreats After Rally Extends Towards...>

AUSSIE TECHS: Retreats After Rally Extends Towards Next $0.7924 Target

*RES 4: $0.7989 Feb 16 high

*RES 3: $0.7974/78 61.8% Fibo of $0.8136-$0.7713, 2% vol band

*RES 2: $0.7924 76.4% $0.7989-$0.7713, 50% $0.8136-$0.7713

*RES 1: $0.7905 1% volatility band, hourly resistance

*PRICE: $0.7867 @0929GMT 

*SUP 1: $0.7843/46 Mar 6 high, Mar 13 low

*SUP 2: $0.7795 Hourly congestion Mar 7-Mar 9

*SUP 3: $0.7772/73 Mar 7-Mar 8 lows

*SUP 4: $0.7750/55 Congestion area Mar 1-Mar 5

*COMMENTARY* Break beneath the previous $0.7759 low last week resulted in a base

at $0.7713, before picking up again. This kept us above the lower 1% volatility

band and with the added emphasis of a 0.7794 break, have subsequently seen a

rise, which with Wednesday's move through $0.7898, has seen the rally stretch

toward the next resistance of note at $0.7924. Support comes initially from

above $0.7846-$0.7843, loss would concern in the near term.