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

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: Bears Dominate While 55-WMA Caps
*RES 4: NZ$1.0802 - High Mar 12
*RES 3: NZ$1.0762 - High Mar 22
*RES 2: NZ$1.0690 - High Mar 23
*RES 1: NZ$1.0652 - Low Mar 22 now resistance
*PRICE: NZ$1.0611 @ 2030GMT
*SUP 1: NZ$1.0582 - 2018 Low Mar 26
*SUP 2: NZ$1.0575 - Daily Bear channel base
*SUP 3: NZ$1.0491 - Low July 13
*SUP 4: NZ$1.0464 - LT rising daily TL off 2015 Low
*COMMENTARY: Bulls failed to capitalise on the close above the 21-DMA
(NZ$1.0715) following the bounce from 2018 lows with the pair looking heavy once
again. Bears currently focus on NZ$1.0464-1.0575 where the bear channel base and
LT rising TL off 2015 lows coming in around NZ$1.0464 are located. Bulls now
need a close above the 55-WMA (NZ$1.0825) to hint at a shift higher in focus
initially targeting NZ$1.1073 2018 highs.

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