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Bulls Focused On..................>

AUSSIE-KIWI TECHS
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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