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EURO-AUSSIE TECHS: A$1.5424 Resistance Key Today
*RES 4: A$1.5618 - High May 23
*RES 3: A$1.5529 - High June 1
*RES 2: A$1.5493 - 200-DMA
*RES 1: A$1.5424 - High June 1
*PRICE: A$1.5379 @ 2130GMT
*SUP 1: A$1.5274 - Lows June 4 & 5
*SUP 2: A$1.5256 - Low Jan 29
*SUP 3: A$1.5152 - 2018 Low Jan 11
*SUP 4: A$1.5079 - Low Nov 8
*COMMENTARY: Monday saw the pair head lower with bears taking comfort as they
look to gain traction below the 55-WMA (A$1.5334). A weekly close below would
add weight to the case for an initial test of 2018 lows. Below 2018 lows targets
100 & 200-WMAs (A$1.4870-1.4915). O/S daily studies remain the key concern for
bears. Bulls need a close above A$1.5424 to ease bearish pressure and initially
target a test of A$1.5529.