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Bears Need Close Below 55-DMA.....>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: Bears Need Close Below 55-DMA
*RES 4: NZ$1.0826 - High Feb 28
*RES 3: NZ$1.0803 - 55-WMA
*RES 2: NZ$1.0781 - 21-WMA
*RES 1: NZ$1.0762 - High Mar 22
*PRICE: NZ$1.0694 @ 2130GMT
*SUP 1: NZ$1.0666 - 55-DMA
*SUP 2: NZ$1.0601 - High Apr 17 now support
*SUP 3: NZ$1.0549 - Low Apr 16
*SUP 4: NZ$1.0486 - 2018 Low Apr 12
*COMMENTARY: The bounce from recent 2018 & 9mth lows confirmed the significance
of the LT rising daily TL (NZ$1.0478) off 2015 lows with the close above the
55-DMA shifting focus to NZ$1.0781-1.0894 where key DMAs, WMAs and the bear
channel top are situated. Bears need a close below the 55-DMA to gain breathing
room and below NZ$1.0601 to shift focus back to NZ$1.0459-86 where bull and bear
channel bases & 2018 lows are noted.

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