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Below NZ$1.0588 To Shift Focus....>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: Below NZ$1.0588 To Shift Focus Lower
*RES 4: NZ$1.0845 - Monthly High July 20
*RES 3: NZ$1.0832 - Bollinger band top
*RES 2: NZ$1.0746 - High Aug 3
*RES 1: NZ$1.0706 - Hourly resistance Aug 3
*PRICE: NZ$1.0687 @ 2100GMT
*SUP 1: NZ$1.0668 - 100-DMA
*SUP 2: NZ$1.0650 - Low Aug 2
*SUP 3: NZ$1.0630 - 21-DMA, Daily Bull channel base
*SUP 4: NZ$1.0588 - Low July 31
*COMMENTARY: The relatively bearish close Thursday sees pressure back on layers
of support NZ$1.0588-1.0668 where the bull channel base, 100 & 200-DMAs are
situated. Bears need a close below NZ$1.0588 to shift initial focus back to the
55-DMA (NZ$1.0549) and hint at a move back to NZ$1.0479-1.0501. Bulls now look
for a close above NZ$1.0746 to reconfirm a bullish bias and retain initial focus
on tests of July highs (NZ$1.0845).

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