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21-DMA Now Capping *RES 4:........>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: 21-DMA Now Capping
*RES 4: NZ$1.0896 - 55-DMA
*RES 3: NZ$1.0851 - 200-DMA
*RES 2: NZ$1.0808 - High Feb 14
*RES 1: NZ$1.0789 - 21-DMA
*PRICE: NZ$1.0767 @ 2030GMT
*SUP 1: NZ$1.0741 - Hourly resistance Feb 26 now support
*SUP 2: NZ$1.0700 - Alternating daily support/resistance
*SUP 3: NZ$1.0650 - 2018 Low Feb 22
*SUP 4: NZ$1.0588 - Low July 31
*COMMENTARY: The lack of follow through on 2018 lows combined with correcting
O/S studies is less than ideal for bears who are focused on NZ$1.0458-91 where
the LT rising TL is located. The break of NZ$1.0780 has lacked follow through
with the pair capped ahead of the 21-DMA. Bears now need a close back below
NZ$1.0741 to reconfirm focus on NZ$1.0458-91. Bulls now look for a close above
the 21-DMA to shift initial focus to 200 & 55-DMAs.

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