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AUSSIE-KIWI TECHS: Target Correction Back To NZ$1.0802-66
*RES 4: NZ$1.0894 - High Feb 8
*RES 3: NZ$1.0866 - 200-DMA
*RES 2: NZ$1.0831 - 55-WMA
*RES 1: NZ$1.0802 - High Mar 12
*PRICE: NZ$1.0740 @ 2030GMT
*SUP 1: NZ$1.0702 - High Mar 21 now support
*SUP 2: NZ$1.0675 - Hourly support Mar 20
*SUP 3: NZ$1.0654 - Hourly support Mar 20a
*SUP 4: NZ$1.0631 - 2018 Low Mar 19
*COMMENTARY: Recent 2018 and 9mth lows lacked follow through with support layers
emerging on the hourlies. The close above the 21-DMA (NZ$1.0723) adds support to
the case for a correction back to NZ$1.0802-66 where 55 & 200-DMAs are situated.
Overall bulls need a close above the bear channel top off 2017 highs to
initially target NZ$1.1073 2018 highs. Bears now need a close below NZ$1.0702 to
return focus to NZ$1.0584-1.0631.