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October 10, 2017 19:41 GMT
Bulls Focused On 2017 High .......>
EURO-AUSSIE TECHS
EURO-AUSSIE TECHS: Bulls Focused On 2017 High
*RES 4: A$1.5424 - Daily Bull channel top
*RES 3: A$1.5364 - High June 16 2016
*RES 2: A$1.5298 - High June 20 2016
*RES 1: A$1.5226 - 2017 High June 1
*PRICE: A$1.5172 @ 2000GMT
*SUP 1: A$1.5104 - Low Oct 10
*SUP 2: A$1.5079 - Hourly support Oct 9a
*SUP 3: A$1.4995 - Hourly support Oct 5
*SUP 4: A$1.4940 - Low Oct 5
*COMMENTARY: Bulls took comfort in the break of A$1.5109 Friday with focus now
on the 2017 highs. The Bollinger band top (A$1.5159) remains the key concern for
bulls with potential to limit follow through. Layers of support are accumulating
with bears now needing a close below A$1.5104 to ease immediate bullish pressure
and below A$1.4995 to pressure 55 (A$1.4933) & 100 (A$1.4899) DMAs.
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