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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$1.1185 - High Nov 1
*RES 3: NZ$1.1139 - High Nov 14
*RES 2: NZ$1.1045 - Low Dec 5 now resistance
*RES 1: NZ$1.1027 - Hourly resistance Dec 6
*PRICE: NZ$1.0995 @ 2030GMT
*SUP 1: NZ$1.0973 - Daily Bull channel base
*SUP 2: NZ$1.0960 - 100-DMA
*SUP 3: NZ$1.0946 - Monthly Low Nov 29
*SUP 4: NZ$1.0904 - Low Oct 17
*COMMENTARY: Topside follow through was lacking last week with pressure
resulting in a likely close below the 55-DMA (NZ$1.1035) following a dip to the
100-DMA. Bears look for a close below NZ$1.0946 to confirm breaks of the 100-DMA
and channel base with below NZ$1.0904 needed to shift focus to NZ$1.0798-1.0827
where the 200-DMA (NZ$1.0824) is located. Bulls now need a close above NZ$1.1045
to ease pressure on key supports and initially target NZ$1.1139.

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