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Bears Focused On $0.7265-87 *RES 4:......>

KIWI TECHS
KIWI TECHS: Bears Focused On $0.7265-87
*RES 4: $0.7419 - Hourly resistance Aug 4 
*RES 3: $0.7391 - Low July 21 now resistance 
*RES 2: $0.7377 - Hourly resistance Aug 7 
*RES 1: $0.7348 - Low Aug 5 now resistance
*PRICE: $0.7331 @ 2100GMT
*SUP 1: $0.7308 - Low Aug 9
*SUP 2: $0.7287 - 55-DMA
*SUP 3: $0.7265 - Low July 18
*SUP 4: $0.7203 - Monthly Low July 11
*COMMENTARY: The break and close below the daily bull channel base and 21-DMA
($0.7403) added weight to the bearish case that is now focused on tests of the
55-DMA. Overall below $0.7265 is needed to confirm focus on $0.7123-39 where 100
& 200-DMAs are situated. Bulls still need a close above $0.7348 to gain
breathing room and above $0.7419 confirm a break of the 21-DMA and shift
immediate focus back to $0.7458.

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