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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$1.6620 - Monthly High Nov 27 2009
*RES 3: A$1.6323 - 2015 High Aug 24
*RES 2: A$1.6250 - 2016 High Feb 11
*RES 1: A$1.6216 - Daily Bull channel top
*PRICE: A$1.6155 @ 2030GMT
*SUP 1: A$1.6047 - Low Mar 27 
*SUP 2: A$1.5940 - Low Mar 23 
*SUP 3: A$1.5905 - Hourly support Mar 22 
*SUP 4: A$1.5858 - 21-DMA
*COMMENTARY: Fresh 2018 & 2+yr highs continue with O/B studies and the Bollinger
band top (A$1.6124) key concerns for bulls. Bulls currently focus on
A$1.6250-1.6323 where 2016 & 2015 highs are located. Layers of support
accumulating add support to the bullish case. Bears need a close below A$1.6047
to ease bullish pressure and below A$1.5940 to shift focus back to
A$1.5795-1.5858 where the 21-DMA is situated.

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