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Bears Need Close Below............>

AUSSIE-KIWI TECHS: Bears Need Close Below NZ$1.0880
*RES 4: NZ$1.1167 - Daily Bull channel top
*RES 3: NZ$1.1034 - Low Apr 13 now resistance
*RES 2: NZ$1.1020 - 2017 High Mar 16
*RES 1: NZ$1.0966 - High Mar 31 & Aug 24
*PRICE: NZ$1.0963 @ 2100GMT
*SUP 1: NZ$1.0913 - Hourly resistance Aug 23 now support
*SUP 2: NZ$1.0880 - High Aug 17 now support
*SUP 3: NZ$1.0858 - Low Aug 23
*SUP 4: NZ$1.0840 - Hourly support Aug 22
*COMMENTARY: Bulls take comfort in support emerging on dips back towards the
21-DMA and channel base which provided the catalyst for a break higher that
reconfirmed the bullish bias and sees bulls focused on NZ$1.0966-1.1034. Bulls
need a close above NZ$1.1034 to confirm focus on NZ$1.1147-95. Support layers
are following the pair higher with bears now needing a close below NZ$1.0880 to
ease bullish pressure and shift focus back to NZ$1.0794-1.0817.

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