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###POV $0.6814-0.6965 Focus For LT.......>

KIWI TECHS
KIWI TECHS: ###POV $0.6814-0.6965 Focus For LT Traders
*RES 2: $0.7433 - Monthly High Sept 20
*RES 1: $0.7266 - 21-WMA
*PRICE: $0.7000 @ 0110GMT
*SUP 1: $0.6965 - Weekly Bull channel base off 2015 Low
*SUP 2: $0.6814 - 2017 Low May 10
*POV: Consolidation below the 21-WMA has left the pair looking heavy with LT
traders firmly focused on the $0.6814-0.6965 region where 2017 lows and the LT
bull channel base off 2015 lows are located.
- A close below the weekly bull channel base would hint at a move targeting 2015
($0.6230) & 2016 ($0.6346) lows with a close below 2017 lows confirming.
- Layers of resistance are building on all timeframes and adding weight to the
bearish case. LT traders now look for a close above the 21-WMA to shift focus
back to tests of 2017 highs and then the bull channel top ($0.7881) with LT
bulls need a close above $0.7433 for confirmation.
- Click for chart https://tinyurl.com/y9wvf8hv

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