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(M1)‌‌ Needle Still Points North

Recovery Pressuring...............>

EURO-AUSSIE TECHS: Recovery Pressuring A$1.5437-1.5526 Region
*RES 4: A$1.5526 - High Dec 20
*RES 3: A$1.5495 - High Jan 25
*RES 2: A$1.5454 - Daily bear channel top
*RES 1: A$1.5437 - 55-DMA
*PRICE: A$1.5418 @ 2030GMT
*SUP 1: A$1.5337 - Hourly support Jan 31 
*SUP 2: A$1.5281 - 100-DMA 
*SUP 3: A$1.5256 - Low Jan 29 
*SUP 4: A$1.5189 - Hourly resistance Jan 11 now support
*COMMENTARY: Despite flirting with the 100-DMA bears failed to manage the close
below A$1.5256 needed to shift focus to A$1.5070-1.5141 where the 200-DMA is
found. The recovery sees pressure back on A$1.5437-1.5526 where the bear channel
top and 55-DMA are noted. Overall bulls still need a close above A$1.5526 to
target A$1.5774 2017 highs. Bears now look for a close below A$1.5337 to ease
pressure on resistance layers.