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Daily Bull Channel Top Capping....>

EURO-AUSSIE TECHS
EURO-AUSSIE TECHS: Daily Bull Channel Top Capping
*RES 4: A$1.6250 - 2016 High Feb 11
*RES 3: A$1.6053 - Daily Bull channel top
*RES 2: A$1.6040 - 2018 High Mar 20
*RES 1: A$1.5986 - Hourly support Mar 20 now resistance
*PRICE: A$1.5942 @ 2030GMT
*SUP 1: A$1.5898 - Low Mar 15 
*SUP 2: A$1.5828 - Hourly resistance Mar 16 now support 
*SUP 3: A$1.5795 - High Mar 15 now support 
*SUP 4: A$1.5688 - Low Mar 15
*COMMENTARY: Despite 2018 & 2+yr highs continuing the daily bull channel top has
capped with the sell-off leaving the pair looking a little heavy. The A$1.5898
support remains key with bears needing a close below to confirm an easing of
bullish pressure and to shift focus back to $1.5779-1.5828 where the 21-DMA is
located. While A$1.5898 supports bulls focus on the daily bull channel top with
a close above then targeting A$1.6250 2016 highs.

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