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Bulls Target A$1.6250 While.......>

EURO-AUSSIE TECHS
EURO-AUSSIE TECHS: Bulls Target A$1.6250 While A$1.5940 Supports
*RES 4: A$1.6323 - 2015 High Aug 24
*RES 3: A$1.6250 - 2016 High Feb 11
*RES 2: A$1.6204 - Daily Bull channel top
*RES 1: A$1.6131 - 2018 High Mar 26
*PRICE: A$1.6062 @ 2030GMT
*SUP 1: A$1.5940 - Low Mar 23 
*SUP 2: A$1.5905 - Hourly support Mar 22 
*SUP 3: A$1.5856 - Low Mar 22 
*SUP 4: A$1.5834 - 21-DMA
*COMMENTARY: Fresh 2018 & 2+yr highs have lacked follow through courtesy of the
Bollinger band top (A$1.6076) as bulls currently focus on A$1.6250-1.6323 where
2016 & 2015 highs are located. Daily studies approaching O/B is less than ideal.
In saying that, layers of support remain. Bears need a close below A$1.5940 to
ease bullish pressure and below A$1.5795 to shift focus back to A$1.5495-1.5634
where 55 & 100-DMAs and the bull channel base off 2018 lows are found.

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