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Pressure Remains On 100-DMA.......>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: Pressure Remains On 100-DMA
*RES 4: NZ$1.0882 - Low May 1 now resistance
*RES 3: NZ$1.0845 - Monthly High July 20
*RES 2: NZ$1.0746 - High Aug 3
*RES 1: NZ$1.0700 - Hourly resistance Aug 4
*PRICE: NZ$1.065 @ 2100GMT
*SUP 1: NZ$1.0665 - 100-DMA
*SUP 2: NZ$1.0650 - Low Aug 2
*SUP 3: NZ$1.0645 - 21-DMA, Daily Bull channel base
*SUP 4: NZ$1.0588 - Low July 31
*COMMENTARY: Bulls are struggling to distance themselves from the 100-DMA with
pressure back on this support and the NZ$1.0588-1.0665 support region as a
whole. Bears need a close below NZ$1.0593 to end bullish hopes and initially
target the 55-DMA (NZ$1.0548). Bulls now need a close above NZ$1.0746 to
reconfirm a bullish bias an initially target NZ$1.0845 July highs. Daily studies
remain well placed for gains.

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