Free Trial

Below $0.6960 To Target 2018 Low *RES....>

KIWI TECHS
KIWI TECHS: Below $0.6960 To Target 2018 Low
*RES 4: $0.7118 - 200-DMA 
*RES 3: $0.7102 - Hourly support Apr 25 now resistance 
*RES 2: $0.7079 - 55-DMA 
*RES 1: $0.7059 - High May 4
*PRICE: $0.7019 @ 2130GMT
*SUP 1: $0.7000 - Hourly support June 13
*SUP 2: $0.6973 - 21-DMA
*SUP 3: $0.6960 - High May 28 now support
*SUP 4: $0.6880 - Low May 30
*COMMENTARY: Topside follow through remains lacking with bulls needing a close
above $0.7059 to confirm initial focus on $0.7079-0.7200 where 55, 100 &
200-DMAs & 21, 55, 100 & 200-WMAs are noted. Initial support is noted at $0.7000
with bears needing a close below to gain breathing room. Overall below $0.6960
is needed to return focus to $0.6849-80 where 2018 lows are situated. The
Bollinger top ($0.7075) and correcting O/B studies are key concerns for bulls.

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.