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

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: Bears Need Close Below NZ$1.0830
*RES 4: NZ$1.1073 - 2018 High Jan 29
*RES 3: NZ$1.1006 - Low Jan 30 now resistance
*RES 2: NZ$1.0962 - High May 25
*RES 1: NZ$1.0906 - Low May 25 now resistance
*PRICE: NZ$1.0871 @ 2130GMT
*SUP 1: NZ$1.0862 - 200-DMA
*SUP 2: NZ$1.0830 - Hourly support June 28
*SUP 3: NZ$1.0775 - Low June 27
*SUP 4: NZ$1.0759 - Hourly support June 26
*COMMENTARY: Bears failed to capitalise on the rejection ahead of the 200-DMA
Wed with a bounce ahead of NZ$1.0775 resulting in a close above the 200-DMA and
focus back on NZ$1.0906. Bulls need a close above NZ$1.0906 to hint at a move
targeting 2018 highs with above NZ$1.0962 to confirm. Bears now need a close
below NZ$1.0830 to ease bullish pressure. The Bollinger top (NZ$1.0916) is the
key concern for bulls.

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