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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$1.0821 - High Aug 14
*PRICE: NZ$1.0776 @ 2100GMT
*SUP 1: NZ$1.0734 - Hourly resistance Aug 10 now support
*SUP 2: NZ$1.0713 - 21-DMA
*SUP 3: NZ$1.0691 - Low Aug 10
*SUP 4: NZ$1.0659 - 100-DMA
*COMMENTARY: The rally from ahead of the 21-DMA and bull channel base is
struggling with daily studies looking to correct from O/B weighing. NZ$1.0691
support is key with bears needing a close below to confirm breaks of key
supports and shift focus to NZ$1.0566-1.0659. Resistance layers are starting to
accumulate with bulls needing a close above NZ$1.0821 to gain breathing room and
above NZ$1.0882 to reconfirm a bullish bias targeting NZ$1.0935-1.1062.

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