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Bulls Need Close Above............>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: Bulls Need Close Above NZ$1.0731
*RES 4: NZ$1.0845 - Monthly High July 20
*RES 3: NZ$1.0827 - Bollinger band top
*RES 2: NZ$1.0731 - Low July 20 now resistance
*RES 1: NZ$1.0713 - High July 26
*PRICE: NZ$1.0669 @ 2100GMT
*SUP 1: NZ$1.0638 - Hourly support July 31
*SUP 2: NZ$1.0606 - 200-DMA
*SUP 3: NZ$1.0603 - 21-DMA
*SUP 4: NZ$1.0588 - Low July 31
*COMMENTARY: The pair found support on a dip below the 21 & 200-DMA Monday with
gains continuing Tuesday and immediate focus now on NZ$1.0713-31. Bulls need a
close above NZ$1.0731 to confirm focus on tests of NZ$1.0845 July highs. Daily
studies are well placed for gains. Bears now need a close below NZ$1.0638 to
gain breathing room and below NZ$1.0588 to shift immediate pressure back to the
55-DMA.

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