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

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: Bulls Focused On NZ$1.0762-1.0894
*RES 4: NZ$1.0804 - 55-WMA
*RES 3: NZ$1.0774 - 21-WMA
*RES 2: NZ$1.0768 - 100-DMA
*RES 1: NZ$1.0762 - High Mar 22
*PRICE: NZ$1.0752 @ 2130GMT
*SUP 1: NZ$1.0697 - High May 9 now support
*SUP 2: NZ$1.0663 - 55-DMA
*SUP 3: NZ$1.0655 - Low May 9
*SUP 4: NZ$1.0601 - High Apr 17 now support
*COMMENTARY: Bulls take comfort in support continuing to emerge on dips back
towards the 55-DMA. Bears now look for a close below NZ$1.0697 to gain breathing
room and below NZ$1.0655 to confirm breaks of 21 & 55-DMAs and to shift initial
focus back to NZ$1.0601. While NZ$1.0697 supports bulls hold the advantage with
focus currently on NZ$1.0762-1.0894 where key DMAs, WMAs and the bear channel
top are situated.

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