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Gaining Traction Above 55-DMA ....>

EURO-AUSSIE TECHS
EURO-AUSSIE TECHS: Gaining Traction Above 55-DMA 
*RES 4: A$1.5227 - 2017 High June 1
*RES 3: A$1.5075 - High July 6
*RES 2: A$1.4969 - Daily Bear channel top
*RES 1: A$1.4924 - Low July 11 now resistance
*PRICE: A$1.4880 @ 2100GMT
*SUP 1: A$1.4858 - 55-DMA 
*SUP 2: A$1.4818 - Hourly support Aug 2 
*SUP 3: A$1.4749 - Hourly support Aug 1 
*SUP 4: A$1.4680 - Low July 31
*COMMENTARY: Bulls take comfort in the close above the 55-DMA that sees
immediate focus on the A$1.4924-1.5075 region where monthly highs and the daily
bear channel top are situated. Bears now look for a close below A$1.4818 to gain
breathing room and below A$1.4749 to shift focus back to A$1.1.4565-1.4680 where
the 100-DMA (A$1.4622) is located. Daily studies have room to move before O/B
becomes an issue.

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