Free Trial

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

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: Bears Need Close Below NZ$1.0830
* O/B daily studies and the Bollinger top (NZ$1.0967) impacted with a lack of
follow through on Tuesday's 5mth highs and the pair remaining a little offered. 
* The NZ$1.0830 support is key. Bears look for a close below NZ$1.0830 to
confirm a break below the 200-DMA (NZ$1.0862), easing bullish pressure and
returning focus to NZ$1.0775-1.0810 where 21 & 55-DMAs are located.
* Bulls now need a close above NZ$1.1006 to reconfirm a bullish bias targeting
2018 highs.

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.