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Focus Returns To..................>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: Focus Returns To NZ$1.0588-1.0650
*RES 4: NZ$1.0861 - 200-DMA
*RES 3: NZ$1.0833 - 55-WMA
*RES 2: NZ$1.0802 - High Mar 12, Bollinger band top
*RES 1: NZ$1.0700 - Low Mar 9 now resistance
*PRICE: NZ$1.0687 @ 2030GMT
*SUP 1: NZ$1.0700 - Low Mar 9
*SUP 2: NZ$1.0650 - 2018 Low Feb 22
*SUP 3: NZ$1.0588 - Low July 31
*SUP 4: NZ$1.0491 - Low July 13
*COMMENTARY: Sideways trading continues as Bolli bands narrow increasing the
likelihood of a breakout in the near future. The below NZ$1.0700 returns focus
to NZ$1.0588-1.0650 where 2018 lows and the bear channel base are situated.
Bulls still need a close above NZ$1.0894 to confirm breaks of 55 & 200-DMAs and
hint at a move to NZ$1.1006-73 where 2018 highs are noted although the 100-DMA
(NZ$1.0918) and bear channel top (NZ$1.0961) may slow the move.

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