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Bears Dominate While 55-WMA.......>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: Bears Dominate While 55-WMA Caps
*RES 4: NZ$1.0868 - 200-DMA
*RES 3: NZ$1.0830 - 55-WMA
*RES 2: NZ$1.0802 - High Mar 12
*RES 1: NZ$1.0762 - High Mar 22
*PRICE: NZ$1.0631 @ 2030GMT
*SUP 1: NZ$1.0611 - 2018 Low Mar 23
*SUP 2: NZ$1.0588 - Low July 31
*SUP 3: NZ$1.0578 - Daily Bear channel base
*SUP 4: NZ$1.0491 - Low July 13
*COMMENTARY: Bulls failed to capitalise on the close above the 21-DMA
(NZ$1.0721) following the bounce from 2018 lows with the pair looking heavy once
again. Bears currently focus on NZ$1.0578-1.0611 where the bear channel base is
noted with a close below needed to confirm focus on the LT rising TL off 2015
lows coming in around NZ$1.0465. Bulls now need a close above the 55-WMA to gain
breathing room.

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