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(M2) Primary Trend Remains Down


(M2) Resistance Remains Intact


USD Weaker; NZD Outperforms


Building On Last Week's Gains

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SCHATZ TECHS: (M18) Immediate Focus On 55-WMA
*RES 4: 112.115 High Dec 18 (Cont) 
*RES 3: 112.065 Monthly Low Sept 21 now resistance (Cont) 
*RES 2: 112.052 55-WMA 
*RES 1: 112.050 2018 High Mar 5 (Cont)
*SUP 1: 111.990 Hourly resistance May 22 now support 
*SUP 2: 111.945 Highs Apr 5 & 6 now support 
*SUP 3: 111.930 High May 17 now support 
*SUP 4: 111.870 Hourly resistance May 15 now support
*COMMENTARY: Pressure on 111.945 finally took its toll with an aggressive break
higher that now sees immediate focus on the 55-WMA. Bulls then look for a close
above 112.065 to target 112.111-115 where the 100-WMA is noted. 111.990 is now
noted as initial support with bears needing a close below to gain breathing room
and hint at a correction back to 111.901-945 where 21 (111.912) & 55 (111.901)
DMAs are located.

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