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Bounces From 21-DMA, Confirms.....>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: Bounces From 21-DMA, Confirms Significance
*RES 4: NZ$1.1328 - 2016 High Mar 23
*RES 3: NZ$1.1291 - 2017 High Oct 25
*RES 2: NZ$1.1240 - High Oct 26
*RES 1: NZ$1.1161 - Hourly support Oct 30 now resistance
*PRICE: NZ$1.1145 @ 2000GMT
*SUP 1: NZ$1.1074 - 21-DMA
*SUP 2: NZ$1.1025 - Previous key resistance now support
*SUP 3: NZ$1.1005 - 55-DMA
*SUP 4: NZ$1.0989 - Daily Bull channel base
*COMMENTARY: The break of the NZ$1.1092 support has so far lacked follow through
with the pair bouncing from a test of the 21-DMA. Bears now need a close below
the 21-DMA to confirm focus on NZ$1.0989-1.1025 where the daily bull channel
base and 55-DMA are situated. Overall below the channel base is needed to target
NZ$1.0763-1.0827 where 100 & 200-DMAs are found. Bulls now need a close above
NZ$1.1161 to shift focus back to NZ$1.1240-91.

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