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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$1.1187 @ 2000GMT
*SUP 1: NZ$1.1161 - Hourly support Oct 30
*SUP 2: NZ$1.1135 - Low Oct 30
*SUP 3: NZ$1.1092 - High Sept 15 now support
*SUP 4: NZ$1.1065 - 21-DMA
*COMMENTARY: Bullish confidence grew with last week's rally but the Bollinger
top (NZ$1.1303) remains a concern for bulls recently limiting follow through.
Bears still need a close below NZ$1.1135 to gain breathing room and below
NZ$1.1092 to shift focus back to NZ$1.0982-1.1065 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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