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Above NZ$1.0608 Initially.........>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: Above NZ$1.0608 Initially Targets NZ$1.0669-90
*RES 4: NZ$1.0690 - High Mar 23
*RES 3: NZ$1.0685 - 55-DMA
*RES 2: NZ$1.0669 - High Mar 29
*RES 1: NZ$1.0608 - High Apr 6
*PRICE: NZ$1.0584 @ 2130GMT
*SUP 1: NZ$1.0549 - Low Apr 16
*SUP 2: NZ$1.0486 - 2018 Low Apr 12
*SUP 3: NZ$1.0473 - LT rising daily TL off 2015 Low
*SUP 4: NZ$1.0394 - Monthly Low July 7 2017
*COMMENTARY: The bounce from recent 2018 & 9mth lows confirmed the significance
of the LT rising daily TL off 2015 lows. Bears now need a close below NZ$1.0549
to gain breathing room and below the LT TL to target NZ$1.0367 June lows. Bulls
continue to look for a close above NZ$1.0608 to confirm a break of the 21-DMA
(NZ$1.0587) and to shift initial focus to A$1.0669-90.

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