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Below 100-WMA Targets 2017 Low....>

AUSSIE-KIWI TECHS
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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