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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.
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Free AccessBelow 100-WMA Targets 2017 Low....>
AUSSIE-KIWI TECHS: Below 100-WMA Targets 2017 Low
*RES 4: NZ$1.1045 - Low Dec 5 now resistance
*RES 3: NZ$1.1027 - Hourly resistance Dec 6
*RES 2: NZ$1.0990 - High Dec 11
*RES 1: NZ$1.0927 - Hourly resistance Dec 11
*PRICE: NZ$1.0889 @ 2030GMT
*SUP 1: NZ$1.0826 - 200-DMA
*SUP 2: NZ$1.0798 - Low Aug 16
*SUP 3: NZ$1.0760 - 200-WMA
*SUP 4: NZ$1.0710 - 100-WMA
*COMMENTARY: The lack of topside follow through in past week's has finally taken
its toll with a likely close below key supports that sees focus shift to
NZ$1.0710-1.0826 where key WMAs and the 200-DMA are noted. Overall bears need a
close below the 100-WMA to end bullish hopes and shift focus back to tests of
2017 lows (NZ$1.0320). Bulls now need a close above NZ$1.0927 to ease bearish
pressure and above NZ$1.1045 to initially target NZ$1.1139.
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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.