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Free AccessBears Targeting $0.6543-0.6674 Region....>
KIWI TECHS: Bears Targeting $0.6543-0.6674 Region
*RES 4: $0.6882 - Alternating daily support/resistance
*RES 3: $0.6845 - Low June 26 now resistance
*RES 2: $0.6823 - Low June 21 now resistance
*RES 1: $0.6787 - Hourly resistance June 28
*PRICE: $0.6756 @ 2130GMT
*SUP 1: $0.6744 - 2018 Low June 28
*SUP 2: $0.6674 - Monthly Low May 30 2016
*SUP 3: $0.6580 - Weekly Bear channel base
*SUP 4: $0.6574 - Low Mar 16 2017
*COMMENTARY: Topside hesitation at $0.6921 sees repeated fresh 2018 & 2+yr lows
with bearish focus on the $0.6543-0.6674 region where the weekly bear channel
base and monthly lows are situated. O/S studies and the Bollinger base ($0.6754)
are key concerns for bears. Bulls now need a close above $0.6845 to gain
breathing room and above $0.6921 to shift immediate focus back to $0.6969-96
where the 55-DMA is noted.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.