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26-Mar-2014 21:01
AUSSIE TECHS: Making Gains Above 200-DMA
*RES 4: $0.9452 - High Nov 19
*RES 3: $0.9333 - High Nov 21
*RES 2: $0.9313 - Rising daily channel top
*RES 1: $0.9268 - Low Nov 12 now resistance
*PRICE: $0.9235 @2100GMT
*SUP 1: $0.9187 - Hourly support Mar 26
*SUP 2: $0.9154 - Hourly support Mar 26
*SUP 3: $0.9121 - Low Mar 25
*SUP 4: $0.9029 - 21-DMA
*COMMENTARY: Tuesday's close above the 200-DMA has been followed up with a
continuation higher with immediate focus remaining on the $0.9268-0.9333 region
and then the $0.9452 Nov 19 high above. The only concern today is the close well
above the 21 day upper Bollinger ($0.9199) which may see some consolidation
until the Bolli catches up. Bears need a close below the $0.9121 to ease bullish
pressure and target the $0.8994-0.9039 region.
26-Mar-2014 21:11
KIWI TECHS: Below 21-DMA Needed To Confirm A Deeper Correction
*RES 4: $0.8842 - 2011 high Apr 1 2011
*RES 3: $0.8764 - Rising daily channel top
*RES 2: $0.8659 - 21 day upper Bollinger band
*RES 1: $0.8640 - 2014 high Mar 18
*PRICE: $0.8603 @2100GMT
*SUP 1: $0.8568 - Low Mar 26
*SUP 2: $0.8543 - Rising daily channel base
*SUP 3: $0.8499 - Low Mar 20
*SUP 4: $0.8488 - 21-DMA
*COMMENTARY: Initial support is noted at Tuesday's $0.8568 low with bears
needing a close below to ease the bullish pressure and hint at a deeper
correction that initially targets the rising daily channel base, with a close
below the 21-DMA confirming. The bounce from last week's low sees bulls
targeting a retest of the 2014 high and then the rising daily channel top that
comes in around the $0.8764 level today.