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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$1.0803 - 55-WMA
*RES 3: NZ$1.0770 - 100-DMA
*RES 2: NZ$1.0772 - 21-WMA
*RES 1: NZ$1.0762 - High Mar 22
*PRICE: NZ$1.0686 @ 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: Bulls take comfort in support continuing to emerge on dips back
towards the 55-DMA. 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$1.0440-86 where
bull and bear channel bases & 2018 lows are noted. While the 55-DMA supports
bulls hold the advantage with focus currently on NZ$1.0762-1.0894 where key
DMAs, WMAs and the bear channel top are situated.

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