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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$1.0867 - High Aug 16
*RES 1: NZ$1.0864 - Bollinger band top
*PRICE: NZ$1.0843 @ 2100GMT
*SUP 1: NZ$1.0812 - Hourly support Aug 16
*SUP 2: NZ$1.0794 - Hourly support Aug 15
*SUP 3: NZ$1.0772 - Hourly support Aug 15
*SUP 4: NZ$1.0739 - Daily Bull channel base
*COMMENTARY: Bulls took comfort in the bounce from ahead of the 21-DMA and daily
bull channel base (NZ$1.0739) although hesitation ahead of NZ$1.0882 is less
than ideal with daily studies correcting from O/B. Bulls now need a close above
NZ$1.0882 to reconfirm a bullish bias targeting NZ$1.0935-1.1074. Support layers
are building with bears needing a close below NZ$1.0772 to shift focus back to
NZ$1.0724-39 where the 21-DMA and bull channel base are situated.

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