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Bears Need Close Below A$1.5710...>

EURO-AUSSIE TECHS
EURO-AUSSIE TECHS: Bears Need Close Below A$1.5710
*RES 4: A$1.6056 - Hourly support Apr 26 now resistance
*RES 3: A$1.5967 - High May 9
*RES 2: A$1.5887 - High May 15
*RES 1: A$1.5822 - High June 26
*PRICE: A$1.5752 @ 2130GMT
*SUP 1: A$1.5710 - Hourly resistance June 25 now support 
*SUP 2: A$1.5650 - Low June 22 
*SUP 3: A$1.5615 - Low June 20 
*SUP 4: A$1.5541 - Low June 18
*COMMENTARY: The break of A$1.5771 and the 100-DMA (A$1.5773) has so far lacked
follow through with O/B daily studies now weighing. In saying that, bears now
look for a close below A$1.5710 to confirm a false break higher and return
initial focus to A$1.5615-50. While A$1.5710 supports bulls remain focused on
A$1.5887-1.5967 but now look for a close above A$1.5822 to add support to their
case.

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