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Aggressively Rejected Ahead Of....>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: Aggressively Rejected Ahead Of 200-DMA
*RES 4: NZ$1.0861 - 200-DMA
*RES 3: NZ$1.0855 - High June 27
*RES 2: NZ$1.0813 - Hourly support June 27 now resistance
*RES 1: NZ$1.0798 - Daily Bear channel top off May high
*PRICE: NZ$1.0785 @ 2130GMT
*SUP 1: NZ$1.0775 - Low June 27
*SUP 2: NZ$1.0759 - Hourly support June 26
*SUP 3: NZ$1.0709 - Low June 22
*SUP 4: NZ$1.0655 - Low May 9 & June 19
*COMMENTARY: The aggressive spike higher Wednesday was aggressively rejected
ahead of the 200-DMA leaving the pair looking offered. Bears now need a close
below NZ$1.0759 to gain breathing room and below NZ$1.0709 to initially pressure
NZ$1.0655 with below this level to add weight for a test of NZ$1.0486-1.0502
where the LT rising TL is noted. Bulls need a close above the 200-DMA to ease
bearish pressure and above NZ$1.0906 to target 2018 highs (NZ$1.1073).

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