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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$1.0960 - Hourly resistance Jan 31
*RES 3: NZ$1.0921 - Hourly resistance Feb 1
*RES 2: NZ$1.0881 - High Feb 5
*RES 1: NZ$1.0820 - 55-WMA
*PRICE: NZ$1.0797 @ 2030GMT
*SUP 1: NZ$1.0753 - 2018 Low Feb 6
*SUP 2: NZ$1.0728 - 100-WMA
*SUP 3: NZ$1.0588 - Low July 31
*SUP 4: NZ$1.0491 - Low July 13
*COMMENTARY: Pressure on the 200-DMA took its toll with a sharp sell-off back
towards the 100-WMA. Follow through has been a little lacking with bears needing
a close below the 100-WMA to shift focus to NZ$1.0442-91 where the LT rising TL
is located. Layers of resistance are accumulating and weighing. Bulls now need a
close above NZ$1.0881 to ease bearish pressure and above NZ$1.0921 to shift
focus back to NZ$1.1073 2018 highs.

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