Free Trial

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

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: Bears Need Close Below NZ$1.1007
*RES 4: NZ$1.1287 - Daily Bull channel top
*RES 3: NZ$1.1195 - Low Apr 26 now resistance
*RES 2: NZ$1.1175 - Bollinger band top
*RES 1: NZ$1.1142 - 2017High Sept 1
*PRICE: NZ$1.1125 @ 2100GMT
*SUP 1: NZ$1.1062 - Hourly support Sept 6
*SUP 2: NZ$1.1007 - Hourly support Aug 31a
*SUP 3: NZ$1.0982 - Hourly resistance Aug 31 now support
*SUP 4: NZ$1.0955 - Hourly support Aug 30
*COMMENTARY: The NZ$1.1007 support remains key with bears needing a close below
to confirm an easing of bullish pressure and return initial focus to NZ$1.0913.
Bulls take comfort in support continuing to emerge on dips back to NZ$1.1007
with Wednesday's bounce and relatively bullish close retaining focus on recent
2017 highs and the NZ$1.1142-1.1287 region as a whole where the daily bull
channel top is situated.

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.