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Free AccessBulls Focused On..................>
AUSSIE-KIWI TECHS: Bulls Focused On NZ$1.1195-1.1272
*RES 4: NZ$1.1272 - Monthly High Apr 25
*RES 3: NZ$1.1227 - Daily Bull channel top
*RES 2: NZ$1.1195 - Low Apr 26 now resistance
*RES 1: NZ$1.1080 - High Aug 31
*PRICE: NZ$1.1071 @ 2100GMT
*SUP 1: NZ$1.1049 - Hourly support Aug 31
*SUP 2: NZ$1.1007 - Hourly support Aug 31a
*SUP 3: NZ$1.0982 - Hourly resistance Aug 31 now support
*SUP 4: NZ$1.0955 - Hourly support Aug 30
*COMMENTARY: Bulls took comfort in support emerging on dips back towards the
21-DMA and channel base which provided the catalyst for a break higher that
reconfirmed the bullish bias. Thursday's gains and bullish close see immediate
focus now on NZ$1.1195-1.1272 where the bull channel to is located. Initial
support is noted at NZ$1.1049 but bears need a close below NZ$1.1007 to ease
bullish pressure and return initial focus to NZ$1.0955.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.