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55-DMA & $0.7050 Levels Remain Key.......>

KIWI TECHS: 55-DMA & $0.7050 Levels Remain Key
*RES 4: $0.7200 - High Oct 17 
*RES 3: $0.7117 - Low Oct 18 now resistance 
*RES 2: $0.7103 - 200-DMA 
*RES 1: $0.7050 - Low Oct 9 now resistance
*PRICE: $0.6991 @ 2030GMT
*SUP 1: $0.6979 - Monthly High Nov 9 now support
*SUP 2: $0.6946 - 55-DMA
*SUP 3: $0.6923 - Hourly support Dec 12
*SUP 4: $0.6901 - Low Dec 12
*COMMENTARY: The bounce from ahead of last week's low has resulted in closes
above the 55-DMA with immediate focus shifting to the $0.7050 resistance. Bulls
need a close above $0.7050 to target $0.7200-25 although 100 ($0.7091) & 200
($0.7103) DMAs may slow the move. Bears look for a close below the 55-DMA to
ease bullish pressure and below $0.6901 to reconfirm focus on 2017 lows and the
weekly bear channel base ($0.6693).

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