Free Trial

Bulls Need Close Above $0.6858 * Bears...>

KIWI TECHS
KIWI TECHS: Bulls Need Close Above $0.6858
* Bears failed to make fresh 2018 lows and shift focus to the weekly bear
channel base coming in around $0.6543. 
* The $0.6858-0.6921 resistance region where the 55-DMA ($0.6890) is located
remains key. 
* Bulls now need a close above $0.6858 to gain breathing room and above $0.6921
to confirm traction above the 55-DMA and hint at a move back to $0.7040-70 where
100 & 200-DMAs are situated. 
* Bears now need a close below $0.6770 to ease pressure on resistance layers.

To read the full story

Close

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.