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Above NZ$1.0669 To Target.........>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: Above NZ$1.0669 To Target 55-DMA
*RES 4: NZ$1.0690 - High Mar 23
*RES 3: NZ$1.0669 - High Mar 29
*RES 2: NZ$1.0641 - 21-DMA
*RES 1: NZ$1.0608 - High Apr 6
*PRICE: NZ$1.0553 @ 2130GMT
*SUP 1: NZ$1.0522 - 2018 Low Apr 5
*SUP 2: NZ$1.0491 - Low July 13
*SUP 3: NZ$1.0468 - LT rising daily TL off 2015 Low
*SUP 4: NZ$1.0394 - Monthly Low July 7 2017
*COMMENTARY: Fresh 2018 & 9mth lows reconfirmed immediate bearish focus on the
LT rising daily TL off 2015 lows coming in around NZ$1.0470 today with a close
below then targeting NZ$1.0367 June lows. Accumulating resistance layers add
weight to the bearish case with bulls needing a close above NZ$1.0608 to ease
immediate bearish pressure and above NZ$1.0669 to confirm a break of the 21-DMA
and initially target the 55-DMA (NZ$1.0740).

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