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Topside Follow Through Lacking,..........>

KIWI TECHS
KIWI TECHS: Topside Follow Through Lacking, Looking Offered
*RES 4: $0.7525 - High July 28 
*RES 3: $0.7458 - Low July 28 now resistance 
*RES 2: $0.7435 - 2018 High Jan 24 
*RES 1: $0.7391 - High Jan 25
*PRICE: $0.7331 @ 2030GMT
*SUP 1: $0.7300 - Hourly support Jan 23
*SUP 2: $0.7244 - Low Jan 18
*SUP 3: $0.7233 - Low Jan 17
*SUP 4: $0.7218 - 21-DMA
*COMMENTARY: The aggressive rejection following 2018 and 4mth highs has left the
pair looking heavy with pressure back on the $0.7300 support. Bears continue to
look for a close below $0.7300 to initially target a correction back to the
21-DMA ($0.7218) and below the 21-DMA to shift focus to $0.7032-0.7127 where key
DMAs are situated. Bulls now need a close above $0.7435 to reconfirm the bullish
bias and target tests of $0.7558 2017 highs.

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