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Bulls Need Close Above 55-DMA ....>

EURO-AUSSIE TECHS
EURO-AUSSIE TECHS: Bulls Need Close Above 55-DMA 
*RES 4: A$1.4973 - Daily Bear channel top
*RES 3: A$1.4926 - Low July 11 now resistance
*RES 2: A$1.4858 - 55-DMA
*RES 1: A$1.4809 - High July 31
*PRICE: A$1.4797 @ 2100GMT
*SUP 1: A$1.4773 - 21-DMA 
*SUP 2: A$1.4755 - Hourly resistance July 31 now support 
*SUP 3: A$1.4684 - Low July 31 
*SUP 4: A$1.4643 - Low July 28
*COMMENTARY: The close above the 21-DMA provides bulls comfort with a close
above the 55-DMA now needed to shift focus to layers of resistance
A$1.4926-1.5078 where the daily bear channel top is located. The 21-DMA is
initial support but bears need a close below A$1.4755 to ease immediate bullish
pressure and below A$1.4684 to shift focus back to A$1.4563-1.4645 where the
100-DMA is located. Daily studies have room to move before O/B becomes an issue.

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