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EURO-AUSSIE TECHS: Broad Sideways Trading Persists
*RES 4: A$1.5968 - High Feb 12 2016
*RES 3: A$1.5889 - Weekly Bollinger band top
*RES 2: A$1.5816 - 2018 High Feb 14
*RES 1: A$1.5759 - High Feb 23
*PRICE: A$1.5698 @ 2030GMT
*SUP 1: A$1.5598 - Low Feb 20
*SUP 2: A$1.5546 - Low Feb 2
*SUP 3: A$1.5495 - Monthly High Jan 25
*SUP 4: A$1.5474 - 55-DMA
*COMMENTARY: Sideways trading within a A$1.5598-1.5816 range continues with
follow through lacking in both direction. Bears need a close below A$1.5598 to
shift focus back to A$1.5474-95 where the 55-DMA is located. Bulls continue to
look for a close above 2018 highs to reconfirm a bullish bias and target
A$1.5968-1.6250 where 2016 highs are located, Daily studies remain at neutral
levels and are providing few clues.