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

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: Bulls Need Close Above NZ$1.1025
*RES 4: NZ$1.1057 - Hourly support Sept 15a now resistance
*RES 3: NZ$1.1025 - Hourly support Sept 15 now resistance
*RES 2: NZ$1.1005 - High Oct 16
*RES 1: NZ$1.0994 - Daily Bear channel top
*PRICE: NZ$1.0976 @ 2000GMT
*SUP 1: NZ$1.0949 - Hourly resistance Oct 18 now support
*SUP 2: NZ$1.0928 - 55-DMA, 21-DMA
*SUP 3: NZ$1.0900 - Hourly resistance Oct 3 now support
*SUP 4: NZ$1.0821 - Low Sept 21
*COMMENTARY: The recovery from Sept lows resulted in a gapping move higher last
week 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. Bulls take comfort in support emerging
ahead of 21 & 55-DMS following the bounce from the week's lows. Bears need a
close below NZ$1.0900 to confirm breaks of 21 & 55-DMAs and to shift focus back
to NZ$1.0798-1.0824 and below NZ$1.0798 to target 100 & 200DMAs.

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