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55-DMA Confirms Significance......>

AUSSIE-KIWI TECHS: 55-DMA Confirms Significance
*RES 4: NZ$1.1185 - High Nov 1
*RES 3: NZ$1.1139 - High Nov 14
*RES 2: NZ$1.1046 - 55-DMA
*RES 1: NZ$1.1012 - 100-DMA
*PRICE: NZ$1.0977 @ 2030GMT
*SUP 1: NZ$1.0970 - 21-DMA
*SUP 2: NZ$1.0963 - Low Dec 26
*SUP 3: NZ$1.0923 - Low Dec 21
*SUP 4: NZ$1.0904 - Low Dec 18
*COMMENTARY: The 55-DMA confirmed significance having capped the recovery from
Dec lows and seeing pressure back on NZ$1.0963-70 where the 21-DMA is noted.
Bears need a close below NZ$1.0963 is needed to ease bullish pressure and below
NZ$1.0904 to return focus to NZ$1.0727-1.0858. Below the 100-WMA (NZ$1.0727)
shifts focus back to NZ$1.0364 June lows. Bulls look for a close above the
55-DMA to target 2017 highs.

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