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Bears Need Close Below A$1.5630...>

EURO-AUSSIE TECHS
EURO-AUSSIE TECHS: Bears Need Close Below A$1.5630
*RES 4: A$1.6250 - 2016 High Feb 11
*RES 3: A$1.5968 - High Feb 12 2016
*RES 2: A$1.5816 - Weekly Bollinger band top
*RES 1: A$1.5796 - 2018 High Feb 6
*PRICE: A$1.5692 @ 2030GMT
*SUP 1: A$1.5630 - Low Feb 5 
*SUP 2: A$1.5586 - Alternating daily support/resistance 
*SUP 3: A$1.5510 - Hourly support Feb 1 
*SUP 4: A$1.5469 - Alternating hourly support/resistance
*COMMENTARY: Despite recently flirting with the 100-DMA bears failed to manage
the close below A$1.5256 needed to shift focus to A$1.5087-1.5141 where the
200-DMA is found. The recovery resulted in closes above key levels and fresh
2018 & 2 year highs. Layers of support following the pair higher sees bears
needing a close below A$1.5630 to ease bullish pressure and below A$1.5586 to
shift focus back to A1.5469.

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