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Free AccessPressure Remains On 21-DMA *RES 4:.......>
KIWI TECHS: Pressure Remains On 21-DMA
*RES 4: $0.7524 - High July 28
*RES 3: $0.7496 - Hourly resistance Aug 1
*RES 2: $0.7458 - High July 21, Hourly resistance Aug 2
*RES 1: $0.7429 - Hourly resistance Aug 4
*PRICE: $0.7415 @ 2100GMT
*SUP 1: $0.7391 - Low July 21, 21-DMA
*SUP 2: $0.7384 - Hourly support July 20, 21-DMA
*SUP 3: $0.7371 - Daily Bull channel base
*SUP 4: $0.7334 - Low July 20
*COMMENTARY: Bulls take comfort in support emerging ahead of the 21-DMA and key
$0.7334-91 support region where the 21-DMA and daily bull channel base are
situated. The $0.7458 resistance remains key with bulls needing a close above to
ease bearish pressure and to shift focus back to $0.7524-58 where 2017 highs are
noted. Bears look for a close below $0.7334 to shift immediate focus to the
55-DMA ($0.7269).
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.