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Daily Bear Channel Top Capping....>

EURO-AUSSIE TECHS
EURO-AUSSIE TECHS: Daily Bear Channel Top Capping
*RES 4: A$1.5651 - Low May 19 now resistance
*RES 3: A$1.5618 - High May 23
*RES 2: A$1.5558 - High June 8
*RES 1: A$1.5518 - Daily bear channel top off Apr high
*PRICE: A$1.5504 @ 2130GMT
*SUP 1: A$1.5470 - Hourly support June 12 
*SUP 2: A$1.5439 - Low June 12
*SUP 3: A$1.5391 - High June 6 now support 
*SUP 4: A$1.5348 - Low June 7
*COMMENTARY: Bulls take comfort in the failure to close below the 55-WMA
(A$1.5345) with bulls now needing a close above A$1.5558 to confirm initial
focus on A$1.5618-51 and hint at a move to A$1.5755-69 where 55 & 100-DMAs are
noted. The A$1.5391 support is now key. Bears need a close below this level to
confirm the significance of the channel top off Apr highs, initially focusing on
A$1.5256-74 with overall focus on the channel base (A$1.5117).

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