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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.
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Free AccessAbove $0.7272 To Gain Breathing Room.....>
KIWI TECHS: Above $0.7272 To Gain Breathing Room
*RES 4: $0.7385 - High Feb 21
*RES 3: $0.7345 - High Feb 26
*RES 2: $0.7318 - Hourly resistance Feb 26
*RES 1: $0.7272 - Low Feb 23 now resistance
*PRICE: $0.7252 @ 2030GMT
*SUP 1: $0.7174 - 200-DMA
*SUP 2: $0.7130 - High Jan 2 now support
*SUP 3: $0.7088 - 100-DMA
*SUP 4: $0.7043 - High Dec 26 now support
*COMMENTARY: A potential bullish key day reversal has emerged after the bounce
from ahead of the 200-DMA. Bulls continue to look for a close above $0.7272 to
gain breathing room and above $0.7385 to target $0.7438-0.7558 where 2018 & 2017
highs are situated. Bears still need a close below the 200-DMA to hint at a move
back to $0.6952 and then $0.6779 2017 lows. The Bollinger base is noted at
$0.7181 and is the key concern for bears.
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.