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200-DMA Now Capping *RES 4:.......>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: 200-DMA Now Capping
*RES 4: NZ$1.1006 - Low Jan 30 now resistance
*RES 3: NZ$1.0962 - High May 25
*RES 2: NZ$1.0906 - Low May 25 now resistance
*RES 1: NZ$1.0884 - 200-DMA
*PRICE: NZ$1.0839 @ 2130GMT
*SUP 1: NZ$1.0802 - Low May 30
*SUP 2: NZ$1.0755 - 100-DMA
*SUP 3: NZ$1.0704 - 55-DMA
*SUP 4: NZ$1.0697 - High May 9 now support
*COMMENTARY: The lack of follow through on Friday's 3mth highs resulted in a
sell-off Monday that saw the pair close below the 200-DMA. Bears take comfort in
the dip Wednesday with focus having shifted to NZ$1.0697-55 where 55 & 100-DMAs
are noted. The NZ$1.0906 resistance remains key topside. Bulls now need a close
above NZ$1.0906 to confirm a break above the 200-DMA & regain the upper hand and
above NZ$1.0962 to reconfirm focus on 2018 highs.

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