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Bears Remain Focused On Nov & Dec Lows...>

KIWI TECHS
KIWI TECHS: Bears Remain Focused On Nov & Dec Lows
*RES 4: $0.7102 - Hourly support Apr 25 now resistance 
*RES 3: $0.7052 - High May 4 
*RES 2: $0.6996 - High May 9 
*RES 1: $0.6952 - Low May 11 now resistance
*PRICE: $0.6911 @ 2130GMT
*SUP 1: $0.6899 - Low Dec 12
*SUP 2: $0.6815 - Monthly Low Dec 1
*SUP 3: $0.6779 - Monthly Low Nov 17
*SUP 4: $0.6674 - Monthly Low May 30 2016
*COMMENTARY: The pair was rejected ahead of the key $0.6996 resistance to start
the new week leaving the pair looking heavy and immediate pressure on 2018 lows.
Bears need a close below 2018 lows to reconfirm focus on tests of Nov & Dec
lows. Resistance layers are again accumulating and adding to bearish confidence.
Bulls now need a close above $0.6996 to gain breathing room and above $0.7052 to
hint at a correction back to $0.7149-0.7198 with the 200-DMA at $0.7149.

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