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Rejected Ahead Of 55-WMA *RES.....>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: Rejected Ahead Of 55-WMA
*RES 4: NZ$1.0972 - 100-DMA
*RES 3: NZ$1.0892 - 55-DMA
*RES 2: NZ$1.0851 - 200-DMA
*RES 1: NZ$1.0835 - 55-WMA
*PRICE: NZ$1.0786 @ 2030GMT
*SUP 1: NZ$1.0741 - Hourly resistance Feb 26 now support
*SUP 2: NZ$1.0700 - Alternating daily support/resistance
*SUP 3: NZ$1.0650 - 2018 Low Feb 22
*SUP 4: NZ$1.0588 - Low July 31
*COMMENTARY: The lack of follow through on 2018 lows combined with correcting
O/S studies has provided the impetus for probes higher with the pair currently
capped ahead of the 55-WMA with key MAs noted NZ$1.0835-1.0972. Bulls now look
for close above the 55-DMA to hint at a move targeting NZ$1.1072-1.1139 and
above the 100-DMA to confirm. Bears now need a close below NZ$1.0741 to shit
focus back to 2018 lows.

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