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Bears Target $0.7334-84 While $0.7458....>

KIWI TECHS
KIWI TECHS: Bears Target $0.7334-84 While $0.7458 Caps
*RES 4: $0.7558 - 2017 High July 27 
*RES 3: $0.7524 - High July 28 
*RES 2: $0.7496 - Hourly resistance Aug 1 
*RES 1: $0.7458 - High July 21, Hourly resistance Aug 2
*PRICE: $0.7433 @ 2100GMT
*SUP 1: $0.7408 - Low July 26
*SUP 2: $0.7391 - Low July 21
*SUP 3: $0.7384 - Hourly support July 20
*SUP 4: $0.7379 - 21-DMA
*COMMENTARY: The lack of topside follow through on 2017 and 26mth highs has left
the pair looking a little heavy with consolidation below $0.7458 increasing the
risk of a test of $0.7334-84 where the 21-DMA is located. Bears now need a close
below $0.7334 to confirm a break of the bull channel base ($0.7353) and confirm
focus on $0.7203-67. Bulls now need a close above $0.7548 to gain breathing room
and ease pressure on $0.7408.

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