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Initial Focus On..................>

EURO-AUSSIE TECHS
EURO-AUSSIE TECHS: Initial Focus On A$1.5887-1.5967
*RES 4: A$1.6056 - Hourly support Apr 26 now resistance
*RES 3: A$1.5967 - High May 9
*RES 2: A$1.5887 - High May 15
*RES 1: A$1.5818 - High June 25
*PRICE: A$1.5786 @ 2130GMT
*SUP 1: A$1.5771 - Alternating daily support/resistance 
*SUP 2: A$1.5710 - Hourly resistance June 25 now support 
*SUP 3: A$1.5650 - Low June 22 
*SUP 4: A$1.5615 - Low June 20
*COMMENTARY: Pressure on the 100-DMA (A$1.5772) and the A$1.5771 resistance have
taken their toll with a close above seeing focus shift on A$1.5887-1.5967. Daily
studies at O/B levels and the Bollinger top (A$1.5828) are seen as concerns for
bulls with potential to limit follow through. Bears now look for a close below
A$1.5710 to confirm a false break higher and return initial focus to
A$1.5615-50.

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