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Bollinger Band Top Capping,.......>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: Bollinger Band Top Capping, 55-DMA Support Key
*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$1.1119 - Bollinger band top
*PRICE: NZ$1.1062 @ 2030GMT
*SUP 1: NZ$1.1034 - 55-DMA
*SUP 2: NZ$1.0973 - Daily Bull channel base
*SUP 3: NZ$1.0958 - 100-DMA
*SUP 4: NZ$1.0904 - Low Oct 17
*COMMENTARY: The lack of follow through and support emerging on dips back to the
100-DMA resulted in closes above 21 & 55-DMAs that see immediate focus back on
NZ$1.1139. Bulls need a close above NZ$1139 to shift focus to tests of 2017
highs. The Bollinger top is the key concern and currently caps. Bears need a
close below the 55-DMA to ease bullish pressure and below NZ$1.0904 to initially
target NZ$1.0798-1.0827 where the 200-DMA (NZ$1.0822) is noted.

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