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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free Access21-DMA Now Capping *RES 4:........>
AUSSIE-KIWI TECHS: 21-DMA Now Capping
*RES 4: NZ$1.0896 - 55-DMA
*RES 3: NZ$1.0851 - 200-DMA
*RES 2: NZ$1.0808 - High Feb 14
*RES 1: NZ$1.0789 - 21-DMA
*PRICE: NZ$1.0767 @ 2030GMT
*SUP 1: NZ$1.0741 - Hourly resistance Feb 26 now support
*SUP 2: NZ$1.0700 - Alternating daily support/resistance
*SUP 3: NZ$1.0650 - 2018 Low Feb 22
*SUP 4: NZ$1.0588 - Low July 31
*COMMENTARY: 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.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.