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

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: Bulls Need Close Above NZ$1.1045
*RES 4: NZ$1.1139 - High Nov 14
*RES 3: NZ$1.1045 - Low Dec 5 now resistance
*RES 2: NZ$1.1027 - Hourly resistance Dec 6
*RES 1: NZ$1.0990 - High Dec 11
*PRICE: NZ$1.0935 @ 2030GMT
*SUP 1: NZ$1.0907 - Low Dec 15
*SUP 2: NZ$1.0858 - Low Dec 12
*SUP 3: NZ$1.0827 - 200-DMA
*SUP 4: NZ$1.0798 - Low Aug 16
*COMMENTARY: Hesitation ahead of the 200-DMA and key WMAs NZ$1.0720-63 has taken
its toll with an aggressive bounce that eased immediate bearish pressure. Bulls
still need a close above NZ$1.1045 to confirm breaks of 21 (NZ$1.1010) & 55
(NZ$1.1042) DMAs and initially target NZ$1.1139. Bears now need a close below
NZ$1.0907 to retain focus on the NZ$1.0721-1.0858 support region. Below the
100-WMA (NZ$1.0720) shifts focus back to NZ$1.0364 June lows.

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