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Below NZ$1.0984 Initially.........>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: Below NZ$1.0984 Initially Targets 100-DMA
*RES 4: NZ$1.1240 - High Oct 26
*RES 3: NZ$1.1185 - High Nov 1
*RES 2: NZ$1.1139 - High Nov 14
*RES 1: NZ$1.1115 - 21-DMA
*PRICE: NZ$1.1086 @ 2030GMT
*SUP 1: NZ$1.1032 - 55-DMA
*SUP 2: NZ$1.0984 - Low Nov 15
*SUP 3: NZ$1.0902 - 100-DMA
*SUP 4: NZ$1.0821 - Low Sept 21
*COMMENTARY: The break of the NZ$1.0992 support lacked follow through with the
pair failing to gain traction below the 55-DMA last week. Bears now look for a
close below NZ$1.0984 to confirm a bearish bias and initially target the
100-DMA. The NZ$1.1139 resistance remains key. Bulls need a close above this
level to confirm a break of the 21-DMA, ending bearish hopes and shifting focus
back to tests of 2017 highs (NZ$1.1290).

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