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Bears Focused On 200-DMA *RES 4:.........>

KIWI TECHS
KIWI TECHS: Bears Focused On 200-DMA
*RES 4: $0.7305 - Low Aug 21 now resistance 
*RES 3: $0.7299 - Hourly resistance Aug 22 
*RES 2: $0.7273 - Low Aug 22 now resistance 
*RES 1: $0.7256 - Hourly resistance Aug 23
*PRICE: $0.7230 @ 2100GMT
*SUP 1: $0.7198 - Low Aug 23 
*SUP 2: $0.7170 - Low June 7
*SUP 3: $0.7167 - 100-DMA 
*SUP 4: $0.7125 - 200-DMA
*COMMENTARY: The break of the $0.7277 support was noted as a concern for bulls
and has resulted in a dip that now sees bears focused on the $0.7115-70 region
where 100 & 200-DMAs are situated. Daily studies lingering around O/S and weekly
studies back at neutral levels are less than ideal for bears. In saying that,
bulls now need a close above $0.7273 to ease bearish pressure and above $0.74391
to shift focus back to 2017 highs.

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