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Aggressive Rejection Below........>

EURO-AUSSIE TECHS
EURO-AUSSIE TECHS: Aggressive Rejection Below 55-DMA
*RES 4: A$1.6084 - High Apr 2
*RES 3: A$1.6060 - High Apr 9
*RES 2: A$1.5976 - 21-DMA
*RES 1: A$1.5904 - Low Apr 11 now resistance
*PRICE: A$1.5868 @ 2130GMT
*SUP 1: A$1.5856 - Alternating daily support/resistance 
*SUP 2: A$1.5811 - 55-DMA 
*SUP 3: A$1.5771 - Low Apr 13 
*SUP 4: A$1.5634 - 100-DMA
*COMMENTARY: The sell-off from 2018 highs may be in trouble given the lack of
follow through and aggressive rejection below the 55-DMA Friday. Bears now look
for a close below A$1.5771 to confirm traction below the 55-DMA and to shift
focus back to A$1.5598-1.5634 where the 100-DMA is found. Bulls now need a close
above A$1.5904 to gain breathing room and above the 21-DMA to return initial
focus to A$1.6060-1.6117. Daily studies at O/S levels is a concern for bears.

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