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

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: Bulls Need Close Above NZ$1.0882
*RES 4: NZ$1.0935 - Monthly High May 1
*RES 3: NZ$1.0882 - Low May 1 now resistance
*RES 2: NZ$1.0861 - High Aug 10
*RES 1: NZ$1.0816 - Hourly resistance Aug 11
*PRICE: NZ$1.0783 @ 2100GMT
*SUP 1: NZ$1.0708 - 21-DMA
*SUP 2: NZ$1.0703 - Daily Bull channel base
*SUP 3: NZ$1.0691 - Low Aug 10
*SUP 4: NZ$1.0660 - 100-DMA
*COMMENTARY: Despite initially looking heavy Thursday, the pair found support
ahead of the 21-DMA and daily bull channel base which provided the catalyst for
the rally to fresh 3mth highs. The lack of follow through Friday and relatively
bearish close eased immediate bullish pressure with the $1.0691-1.0708 support
region key. Bears now need a close below NZ$1.0691 to confirm breaks of key
supports and pressure key DMAs NZ$1.0561-1.0660.

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