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100-DMA Now Capping *RES 4:.......>

EURO-AUSSIE TECHS
EURO-AUSSIE TECHS: 100-DMA Now Capping
*RES 4: A$1.5910 - 55-DMA
*RES 3: A$1.5887 - High May 15
*RES 2: A$1.5771 - Monthly Low Apr 13 now resistance
*RES 1: A$1.5737 - 100-DMA
*PRICE: A$1.5650 @ 2130GMT
*SUP 1: A$1.5598 - Monthly Low Feb 20 
*SUP 2: A$1.5546 - Low Feb 2 
*SUP 3: A$1.5495 - High Jan 25 now support 
*SUP 4: A$1.5465 - 200-DMA
*COMMENTARY: The sell-off that has defined May so far has resulted in closes
below the 100-DMA with immediate pressure on A$1.5619. Overall bears need a
close below A$1.5919 to shift initial focus to A$1.5465-95 where the 200-DMA is
located. O/S studies are the key concern for bears. Bulls now need a close above
A$1.5771 to gain breathing room and above A$1.5967 to confirm breaks of 21 &
55-DMAs and to target A$1.6140-92.

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