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Bulls Need Close Above 200-DMA *RES 4:...>

KIWI TECHS: Bulls Need Close Above 200-DMA
*RES 4: $0.7261 - 100-DMA 
*RES 3: $0.7203 - 21-DMA 
*RES 2: $0.7157 - 200-DMA 
*RES 1: $0.7146 - Low Oct 4 now resistance
*PRICE: $0.7134 @ 2000GMT
*SUP 1: $0.7102 - Hourly support Oct 12
*SUP 2: $0.7055 - Low Oct 9
*SUP 3: $0.7031 - Low May 30
*SUP 4: $0.6985 - Low May 23
*COMMENTARY: Daily studies looking to correct higher are providing bulls support
with immediate focus having returned to the 200-DMA. Bulls need a close above
the 200-DMA to hint at a correction back to $0.7203-61 where 21, 55 & 100-DMAs
are noted. Correcting O/S studies remain the key concern for bears who need a
close below $0.7102 to ease immediate bullish pressure and below $0.7031 to
target $0.6950.

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