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GBP

EURGBP at session high

ITALY DATA

Manufacturing Sentiment Slips

EURO-AUSSIE TECHS
EURO-AUSSIE TECHS: A$1.5967 Resistance Remains Key
*RES 4: A$1.6056 - Hourly support Apr 26 now resistance
*RES 3: A$1.5967 - High May 3
*RES 2: A$1.5943 - 21-DMA
*RES 1: A$1.5920 - 55-DMA
*PRICE: A$1.5842 @ 2130GMT
*SUP 1: A$1.5771 - Monthly Low Apr 13 
*SUP 2: A$1.5713 - Weekly Bull channel base off 2017 Low 
*SUP 3: A$1.5688 - Low Mar 15 
*SUP 4: A$1.5598 - Monthly Low Feb 20
*COMMENTARY: The sell-off that has defined May so far sees the pair gaining
traction below the bull channel base off 2018 lows and focus on the
A$1.5619-1.5771 support region where the weekly bull channel base, 100-DMA and
21-WMA are noted. Daily studies now at O/S levels and looking to correct are a
concern for bears. Bulls now need a close above A$1.5967 to confirm breaks of 21
& 55-DMAs and to target A$1.6140-92.