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LT Rising TL Confirming...........>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: LT Rising TL Confirming Significance
*RES 4: NZ$1.0690 - High Mar 23
*RES 3: NZ$1.0669 - High Mar 29
*RES 2: NZ$1.0608 - High Apr 6
*RES 1: NZ$1.0596 - 21-DMA
*PRICE: NZ$1.0561 @ 2130GMT
*SUP 1: NZ$1.0486 - 2018 Low Apr 12
*SUP 2: NZ$1.0482 - Bollinger band base
*SUP 3: NZ$1.0473 - LT rising daily TL off 2015 Low
*SUP 4: NZ$1.0394 - Monthly Low July 7 2017
*COMMENTARY: The bounce from recent 2018 & 9mth lows confirmed the significance
of the LT rising daily TL off 2015 lows. Bears need a close below the LT TL to
target NZ$1.0367 June lows. Follow through remains lacking courtesy of the
Bollinger base. Bulls now look for a close above NZ$1.0608 to confirm a break of
the 21-DMA and to shift initial focus to A$1.0669. Correcting O/S studies are
also noted as a concern for bears.

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