Free Trial

Bears Need Close Below $0.7293 *RES 4:...>

KIWI TECHS
KIWI TECHS: Bears Need Close Below $0.7293
*RES 4: $0.7433 - High Sept 20 
*RES 3: $0.7377 - Hourly support Sept 20a now resistance 
*RES 2: $0.7364 - High Sept 21 
*RES 1: $0.7341 - Hourly resistance Sept 21
*PRICE: $0.7306 @ 2100GMT
*SUP 1: $0.7293 - Hourly support Sept 19
*SUP 2: $0.7272 - Hourly support Sept 19a
*SUP 3: $0.7248 - Low Sept 18
*SUP 4: $0.7210 - Hourly support Sept 14
*COMMENTARY: Wednesday's lack of topside follow through has been followed up
with losses that leave the pair looking heavy and pressuring $0.7293. Bears
continue to look for a close below $0.7293 to confirm an easing of bullish
pressure and below $0.7248 to shift focus back to $0.7130-82 where the 200-DMA
and Aug monthly lows are noted. Bulls need a close above $0.7377 return focus to
$0.7433-58.

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.