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100-DMA Remains Key Topside.......>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: 100-DMA Remains Key Topside
*RES 4: NZ$1.1139 - High Nov 14
*RES 3: NZ$1.1003 - 100-DMA
*RES 2: NZ$1.0988 - 55-DMA
*RES 1: NZ$1.0960 - Hourly support Jan 25 now resistance
*PRICE: NZ$1.0942 @ 2030GMT
*SUP 1: NZ$1.0907 - High Jan 24 now support
*SUP 2: NZ$1.0853 - Low Jan 23
*SUP 3: NZ$1.0843 - 200-DMA
*SUP 4: NZ$1.0808 - 55-WMA
*COMMENTARY: The pair remains supported ahead of the 200-DMA and key WMAs and
capped ahead of the 100-DMA. The most recent recovery sees pressure back on the
100-DMA. Bulls need a close above the 100-DMA to end bearish hopes, confirm a
break of the bear channel top and shift immediate focus to NZ$1.1139. Bears now
look for a close below NZ$1.0907 to ease pressure on the 100-DMA. Overall below
the 100-WMA (NZ$1.0732) initially targets 2017 lows.

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