Free Trial

Above 21-DMA To Shift focus higher.......>

KIWI TECHS
KIWI TECHS: Above 21-DMA To Shift focus higher
*RES 4: $0.7391 - Low July 21 now resistance 
*RES 3: $0.7377 - Hourly resistance Aug 7 
*RES 2: $0.7342 - Alternating hourly support/resistance 
*RES 1: $0.7298 - Hourly support Aug 10 now resistance
*PRICE: $0.7281 @ 2100GMT
*SUP 1: $0.7250 - Low July 17
*SUP 2: $0.7203 - Monthly Low July 11
*SUP 3: $0.7170 - Low June 7
*SUP 4: $0.7142 - 100-DMA
*COMMENTARY: The break and close below the daily bull channel base and 21-DMA
($0.7405) added weight to the bearish case with bears now needing a close below
$0.7250 to shift focus to $0.7115-0.7203 where 100 & 200-DMAs are situated. The
Bollinger base ($0.7264) and studies approaching O/S are key concerns for bears.
In saying that, bulls need a close above the 21-DMA to ease bearish pressure and
shift focus back to $0.7458-0.7577.

To read the full story

Close

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.