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

AUSSIE-KIWI TECHS: Bulls Need Close Above NZ$1.1025
*RES 4: NZ$1.1142 - 2017High Sept 1
*RES 3: NZ$1.1107 - High Sept 12
*RES 2: NZ$1.1057 - Hourly support Sept 15a now resistance
*RES 1: NZ$1.1025 - Hourly support Sept 15 now resistance
*PRICE: NZ$1.1002 @ 2000GMT
*SUP 1: NZ$1.0995 - Hourly support Oct 10
*SUP 2: NZ$1.0944 - Low Oct 9
*SUP 3: NZ$1.0938 - 21-DMA
*SUP 4: NZ$1.0925 - Hourly support Oct 3
*COMMENTARY: The recovery from Sept lows resulted in a gapping move higher
Monday only to remain capped ahead of NZ$1.1025. Bulls need a close above
NZ$1.1025 to shift focus to NZ$1.1107-42 where 2017 highs are located. Support
layers have been left in the wake with bears now needing a close below the
21-DMA to gain breathing room and below the 55-DMA (NZ$1.0894) to shift focus
back to NZ$1.0798-1.0824.

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