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Bears Need Close Below 100-WMA....>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: Bears Need Close Below 100-WMA
*RES 4: NZ$1.1139 - High Nov 14
*RES 3: NZ$1.1012 - 100-DMA
*RES 2: NZ$1.1001 - 55-DMA
*RES 1: NZ$1.0973 - Hourly resistance Jan 17
*PRICE: NZ$1.0957 @ 2030GMT
*SUP 1: NZ$1.0895 - Low Jan 15
*SUP 2: NZ$1.0836 - 200-DMA
*SUP 3: NZ$1.0824 - Monthly Low Sept 21
*SUP 4: NZ$1.0798 - 55-WMA
*COMMENTARY: The recovery from the dip back to the 200-DMA resulted in a test of
55 & 100-DMAs Wednesday but the rejection now leaves the pair looking a little
heavy. Bears continue to look for closes above the 55 & 100-DMA to end bearish
hopes and return overall focus to tests of 2017 highs. Daily studies remain well
placed for gains. Bears now need a close below NZ$1.0895 to gain breathing room
and below NZ$1.0730 (100-WMA) to initially target NZ$1.0588.

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