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Above 2018 To Target A$1.6250.....>

EURO-AUSSIE TECHS
EURO-AUSSIE TECHS: Above 2018 To Target A$1.6250
*RES 4: A$1.6250 - 2016 High Feb 11
*RES 3: A$1.6036 - Daily Bull channel top
*RES 2: A$1.5976 - 2018 High Mar 5
*RES 1: A$1.5941 - High Mar 8, Bollinger band top
*PRICE: A$1.5927 @ 2030GMT
*SUP 1: A$1.5828 - Hourly resistance Mar 16 now support 
*SUP 2: A$1.5795 - High Mar 15 now support 
*SUP 3: A$1.5688 - Low Mar 15 
*SUP 4: A$1.5619 - Low Mar 12
*COMMENTARY: Sideways trading ended with an aggressive break that returns
immediate focus to 2018 highs. The Bollinger top is the key concern for bears
with other studies well placed for gains. Bulls now need a close above A$1.5976
to shift focus to tests of 2016 highs. The A$1.5795 support is now key. Bears
look for a close below this level to ease bullish pressure and shift initial
focus back to A$1.5598-1.5619 and overall focus to A$1.5495-1.5598.

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