Above NZ$1.0776 To Ease Bearish...>

AUSSIE-KIWI TECHS: Above NZ$1.0776 To Ease Bearish Pressure

*RES 4: NZ$1.0874 - 55-DMA

*RES 3: NZ$1.0851 - 200-DMA

*RES 2: NZ$1.0831 - 55-WMA

*RES 1: NZ$1.0776 - High Mar 1

*PRICE: NZ$1.0714 @ 2030GMT

*SUP 1: NZ$1.0650 - 2018 Low Feb 22

*SUP 2: NZ$1.0588 - Low July 31

*SUP 3: NZ$1.0491 - Low July 13

*SUP 4: NZ$1.0458 - LT Rising TL off 2015 Low

*COMMENTARY: The topside failure last week ahead of the 55-WMA and key DMAs

resulted in an aggressive sell-off and immediate focus back on 2018 lows. Bears

look for a close below NZ$1.0650 to add weight to the case for a test of

NZ$1.0458-91 where the LT rising TL off 2015 lows is noted. Bulls now need a

close above NZ$1.0776 to gain breathing room and above the 55-DMA to hint at a

move targeting NZ$1.1072-1.1139.