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Bears Need Close Below A$1.5565...>

EURO-AUSSIE TECHS
EURO-AUSSIE TECHS: Bears Need Close Below A$1.5565 
*RES 4: A$1.5968 - High Feb 12 2016
*RES 3: A$1.5774 - High Feb 17 2016
*RES 2: A$1.5701 - Daily Bull channel top
*RES 1: A$1.5696 - 2017 High Nov 24
*PRICE: A$1.5640 @ 2030GMT
*SUP 1: A$1.5602 - High Nov 20 now support 
*SUP 2: A$1.5565 - High Nov 22 now support 
*SUP 3: A$1.5504 - Low Nov 23 
*SUP 4: A$1.5447 - Low Nov 15
*COMMENTARY: Pressure remains on the daily bull channel top with fresh 2017
highs seeing bullish focus on 2016 highs (A$1.6244). O/B studies and Bollinger
band top (A$1.5748) are key concerns for bulls. Layers of support remain with
bears needing a close below A$1.5565 to ease bullish pressure and target a
correction back to A$1.5392-1.5447. Bulls now look for a close above the bull
channel top to add support to their case.

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