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

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: Bulls Need Close Above NZ$1.0793
*RES 4: NZ$1.0810 - 21-DMA
*RES 3: NZ$1.0793 - High June 14
*RES 2: NZ$1.0777 - High June 21
*RES 1: NZ$1.0748 - 55-DMA
*PRICE: NZ$1.0738 @ 2130GMT
*SUP 1: NZ$1.0715 - Hourly support June 20
*SUP 2: NZ$1.0655 - Low May 9 & June 19
*SUP 3: NZ$1.0601 - High Apr 17 now support
*SUP 4: NZ$1.0549 - Low Apr 16
*COMMENTARY: The break of the key NZ$1.0697 support has lacked follow through
which is less than ideal with daily studies at O/S. The NZ$1.0777-93 resistance
remains key. Bulls need a close above NZ$1.0793 to shift focus back to
NZ$1.0854-1.0906 where the 200-DMA (NZ$1.0865) is noted. Bears now focus on a
close below NZ$1.0655 to add weight to the case for a test of NZ$1.0486-00 where
the LT rising TL is noted.

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