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Above NZ$1.0776 To Ease Bearish...>

AUSSIE-KIWI TECHS
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.

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