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Hesitating Ahead Of 2017 High.....>

EURO-AUSSIE TECHS
EURO-AUSSIE TECHS: Hesitating Ahead Of 2017 High
*RES 4: A$1.6250 - 2016 High Feb 11
*RES 3: A$1.5968 - High Feb 12 2016
*RES 2: A$1.5814 - Weekly Bollinger band top
*RES 1: A$1.5774 - 2017 High Dec 1
*PRICE: A$1.5689 @ 2030GMT
*SUP 1: A$1.5630 - Low Feb 5 
*SUP 2: A$1.5586 - Alternating daily support/resistance 
*SUP 3: A$1.5510 - Hourly support Feb 1 
*SUP 4: A$1.5469 - Alternating hourly support/resistance
*COMMENTARY: Despite recently flirting with the 100-DMA bears failed to manage
the close below A$1.5256 needed to shift focus to A$1.5087-1.5141 where the
200-DMA is found. The recovery resulted in closes above key levels and bulls
focused on A$1.5774 once more. Layers of support following the pair higher sees
bears needing a close below A$1.5586 to ease bullish pressure and below the
A$1.5469 to shift focus back to A$1.5256-1.5378.

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