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21-DMA Capping, Above NZ$1.1139...>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: 21-DMA Capping, Above NZ$1.1139 To Shift Focus Higher
*RES 4: NZ$1.1185 - High Nov 1
*RES 3: NZ$1.1139 - High Nov 14
*RES 2: NZ$1.1082 - 21-DMA
*RES 1: NZ$1.1030 - 55-DMA
*PRICE: NZ$1.1011 @ 2030GMT
*SUP 1: NZ$1.0990 - Bollinger band base
*SUP 2: NZ$1.0984 - Low Nov 15
*SUP 3: NZ$1.0928 - 100-DMA
*SUP 4: NZ$1.0821 - Low Sept 21
*COMMENTARY: As the 21-DMA continues to cap pressure returns to the NZ$1.0984
support. Bears look for a close below NZ$1.0984 to confirm a bearish bias and
initially target NZ$1.0900 with below the 100-DMA (NZ$1.0934) to add weight to
their case. Overall focus shifts to NZ$1.0798-1.0827 on a close below NZ$1.0984.
Bulls now need a close above the 21-DMA to ease bearish pressure and above
NZ$1.1139 to target 2017 highs.

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