The NZDUSD pair is down around 1% on the.......>

KIWI: The NZDUSD pair is down around 1% on the week thus far, with the technical

painting a less than ideal picture.

- For the NZDUSD bears take comfort in the aggressive sell-off Friday and closes

below the 21-DMA. The close below $0.7269 confirms a break of the bull channel

base and shift focus back to $0.7130-0.7220 where 55 & 200-DMAs are situated.

Bulls continue to look for a close above $0.7345 to gain breathing room. Daily

studies are well placed for fresh losses.

- For AUDNZD The lack of follow through on 2018 lows combined with correcting

O/S studies is less than ideal for bears who are focused on NZ$1.0458-91 where

the LT rising TL is located. The break of NZ$1.0780 has lacked follow through

with the pair capped ahead of the 21-DMA. Bears now need a close back below

NZ$1.0741 to reconfirm focus on NZ$1.0458-91. Bulls now look for a close above

the 21-DMA to shift initial focus to 200 & 55-DMAs.