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Bulls Need Close Above Bear.......>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: Bulls Need Close Above Bear Channel Top
*RES 4: NZ$1.0865 - 200-DMA
*RES 3: NZ$1.0831 - 55-WMA
*RES 2: NZ$1.0802 - High Mar 12
*RES 1: NZ$1.0744 - Daily Bear channel top off 2018 high
*PRICE: NZ$1.0697 @ 2030GMT
*SUP 1: NZ$1.0675 - Hourly support Mar 20
*SUP 2: NZ$1.0654 - Hourly support Mar 20a
*SUP 3: NZ$1.0631 - 2018 Low Mar 19
*SUP 4: NZ$1.0588 - Low July 31, Daily Bear channel base
*COMMENTARY: Recent 2018 and 9mth lows have lacked follow through with support
layers starting to emerge on the hourlies. The bear channel top off 2018 highs
is initial resistance with bulls now needing a close above to shift focus back
to NZ$1.0802-65 where the 55-WMA and 200-DMA are located. While the bear channel
top caps bears remain focused on the break of NZ$1.0588 needed to target the LT
rising TL off 2015 lows around NZ$1.0464.

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