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EURO-AUSSIE TECHS: Bulls Now Need Close Above A$1.5558
*RES 4: A$1.5748 - 21-WMA
*RES 3: A$1.5651 - Low May 19 now resistance
*RES 2: A$1.5618 - High May 23
*RES 1: A$1.5558 - High June 8
*PRICE: A$1.5510 @ 2130GMT
*SUP 1: A$1.5464 - Low June 8
*SUP 2: A$1.5424 - High June 1 now support
*SUP 3: A$1.5391 - High June 6 now support
*SUP 4: A$1.5348 - Low June 7
*COMMENTARY: Oscillation around the 55-WMA (A$1.5345) saw bears fail to gain
traction below with the bounce Thursday buying bulls breathing room. Failure to
close above A$1.5529 Friday is less than ideal and sees bears needing a close
below Friday's low (A$1.5464) to confirm a false break of the 21-DMA (A$1.5511)
and hint at a move back to A$1.5256-74 with below A$1.5391 to confirm. Bulls now
need a close above A$1.5558 to confirm initial focus on A$1.5618-51.