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Pressuring Key Support Region.....>

EURO-AUSSIE TECHS
EURO-AUSSIE TECHS: Pressuring Key Support Region
*RES 4: A$1.6117 - High Mar 29
*RES 3: A$1.6084 - High Apr 2
*RES 2: A$1.6060 - High Apr 9
*RES 1: A$1.5980 - 21-DMA
*PRICE: A$1.5891 @ 2130GMT
*SUP 1: A$1.5856 - Low Mar 22 
*SUP 2: A$1.5800 - 55-DMA 
*SUP 3: A$1.5795 - High Mar 15 now support 
*SUP 4: A$1.5619 - Monthly low Mar 12
*COMMENTARY: Bears take comfort in a dip below the daily bull channel base
(A$1.5894) off Jan 29 lows with pressure on the key A$1.5795-1.5856 support
region. Bears need a close below A$1.5795 to confirm a break of the 55-DMA and
to shift initial focus to A$1.5540-1.5619 where the LT bull channel base, 21-WMA
and Mar low are noted. Bulls now need a close above the 21-DMA to gain breathing
room and return initial focus to A$1.6060-1.6117.

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