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

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: Bears Need Close Below NZ$1.1092
*RES 4: NZ$1.1347 - Monthly High Sept 17 2015
*RES 3: NZ$1.1328 - 2016 High Mar 23
*RES 2: NZ$1.1291 - 2017 High Oct 25
*RES 1: NZ$1.1240 - High Oct 26
*PRICE: NZ$1.1177 @ 2000GMT
*SUP 1: NZ$1.1135 - Low Oct 30
*SUP 2: NZ$1.1092 - High Sept 15 now support
*SUP 3: NZ$1.1050 - 21-DMA
*SUP 4: NZ$1.1025 - Previous key resistance now support
*COMMENTARY: Bullish confidence grew with last Tuesday's rally but the Bollinger
top (NZ$1.1294) remains a concern for bulls recently limiting follow through. In
saying that, bears now need a close below NZ$1.1135 to gain breathing room and
below NZ$1.1092 to shift focus back to NZ$1.0975-1.1050 where key DMAs and the
bull channel base are noted. While NZ$1.1135 supports bulls focus on
NZ$1.1328-1.1438 where 2015 highs and the bull channel top are situated.

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