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Bears Need Close Below A$1.4880...>

EURO-AUSSIE TECHS
EURO-AUSSIE TECHS: Bears Need Close Below A$1.4880 
*RES 4: A$1.5075 - High July 6
*RES 3: A$1.5045 - Bollinger band top
*RES 2: A$1.5033 - High July 11
*RES 1: A$1.4989 - Daily Bear channel top
*PRICE: A$1.4937 @ 2100GMT
*SUP 1: A$1.4900 - Hourly support Aug 23 
*SUP 2: A$1.4880 - Hourly support Aug 23a 
*SUP 3: A$1.4827 - Low Aug 22 
*SUP 4: A$1.4783 - Hourly support Aug 17a
*COMMENTARY: Bears failed to capitalise on the dips below 21 (A$1.4874) & 55
(A$1.4824) DMAs last week with the pair bouncing from ahead of the 100-DMA. The
close above A$1.4928 shifted immediate focus to layers of resistance
A$1.4989-1.5109 where the bear channel top is located. Layers of support remain
with bears now needing a close below A$1.4880 to ease immediate bullish pressure
and below A$1.4739 to shift focus to A$1.4442-1.4561.

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