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Testing Lower 1% Volatility Band.......>

AUSSIE TECHS
AUSSIE TECHS: Testing Lower 1% Volatility Band After $0.7520 Gives Way
*RES 4: $0.7649/54 1% volatility band, Dec 5 high
*RES 3: $0.7625/27 Oct 27, Nov 7 lows, now resistance
*RES 2: $0.7598 Hourly recovery high Dec 6
*RES 1: $0.7555/60 Hourly resistance
*PRICE: $0.7513 @0855GMT 
*SUP 1: $0.7497 1% volatility band
*SUP 2: $0.7485 Hourly support
*SUP 3: $0.7457 1.618 swing of $0.7532-$0.7654
*SUP 4: $0.7421 2% volatility band
*COMMENTARY* The continued failure to be able to deal with $0.7655-$0.7685
resistance has culminated this week in a fall and break below the key 76.4% Fibo
retrace level at $0.7520. Can allow some exuberance to the lower 1% volatility
band at $0.7497 by time today but any lower and then looking at a further
$0.7485-$0.7457 fall. As a result, nearest resistance now seen from $0.7555-60,
back above here would give some respite.

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