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Bears Focused On NZ$1.0824-58.....>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: Bears Focused On NZ$1.0824-58
*RES 4: NZ$1.1019 - 55-DMA
*RES 3: NZ$1.1014 - 100-DMA
*RES 2: NZ$1.0969 - 21-DMA
*RES 1: NZ$1.0908 - Hourly resistance Jan 11
*PRICE: NZ$1.0869 @ 2030GMT
*SUP 1: NZ$1.0858 - Low Dec 12
*SUP 2: NZ$1.0834 - 200-DMA
*SUP 3: NZ$1.0824 - Monthly Low Sept 21
*SUP 4: NZ$1.0788 - 55-WMA
*COMMENTARY: The 55-DMA confirmed significance having capped the recovery from
Dec lows and seeing focus back on NZ$1.0724-1.0858 where the 200-DMA and key
WMAs are situated. Correcting O/B studies have added weight to the case for a
decent correction. Bulls continue to look for a close above the 21-DMA to gain
breathing room and above the 55-DMA to regain control and target 2017 highs once
again.

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