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Sharp Decline Continues,...............>

AUSSIE TECHS
AUSSIE TECHS: Sharp Decline Continues, $0.7655-$0.7652 Key Support
*RES 4: $0.7833 Hourly recovery high Mar 15
*RES 3: $0.7804 Mar 16 high
*RES 2: $0.7771 Initial base Mar 16, now resistance
*RES 1: $0.7735/40 Hourly resistance
*PRICE: $0.7699 @0948GMT 
*SUP 1: $0.7687 Intraday low
*SUP 2: $0.7655 6 week bear channel base projection
*SUP 3: $0.7652 76.4% Fibo of $0.7502-$0.8136, 2% vol band
*SUP 4: $0.7628 Dec 14 low
*COMMENTARY* Has continued to lose ground rapidly, this has been exacerbated by
the loss of $0.7772-$0.7760 support. Also below the lower 1% volatility band, at
$0.7730 by time today. A low of $0.7687 at the time of writing, this protecting
what currently looks a decent area of support from between the 6 week bear
channel base at $0.7655 and the 76.4% Fibo retrace level at $0.7652. Resistance
From $0.7735-$0.7740, above needed for near term respite.

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