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

AUSSIE-KIWI TECHS: Bears Need Close Below 55-DMA

*RES 4: NZ$1.0803 - 55-WMA

*RES 3: NZ$1.0781 - 21-WMA

*RES 2: NZ$1.0762 - High Mar 22

*RES 1: NZ$1.0729 - High Apr 26

*PRICE: NZ$1.0685 @ 2130GMT

*SUP 1: NZ$1.0662 - 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: Topside hesitation is less than ideal for bulls with daily studies

correcting from O/B seen weighing. Bears continue to look for a close below the

55-DMA to gain breathing room and below NZ$1.0601 to shift focus back to

NZ$1.0453-86 where bull and bear channel bases & 2018 lows are noted. While the

55-DMA supports bulls hold the advantage with focus currently on

NZ$1.0781-1.0894 where key DMAs, WMAs and the bear channel top are situated.