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Bears Need Close Below $0.6851 *RES 4:...>

KIWI TECHS
KIWI TECHS: Bears Need Close Below $0.6851
*RES 4: $0.7007 - Hourly resistance Oct 20 
*RES 3: $0.6979 - High Nov 9 
*RES 2: $0.6967 - Bollinger band top 
*RES 1: $0.6926 - High Nov 24
*PRICE: $0.6908 @ 2030GMT
*SUP 1: $0.6896 - Alternating hourly support/resistance
*SUP 2: $0.6851 - Hourly support Nov 22
*SUP 3: $0.6820 - Low Nov 22
*SUP 4: $0.6781 - 2017 Low Nov 17
*COMMENTARY: Bears failed to capitalise on recent 2017 and 18mth lows with the
pair flirting with the 21-DMA ($0.6885). Bulls now look for a close above
$0.6926 to shift focus to $0.6979-0.7048 where the 55-DMA ($0.7046) is noted.
Support layers remain in place with bears needing a close below $0.6851 to gain
breathing room and below $0.6820 to return immediate pressure to 2017 lows.

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