Free Trial

Bulls Need Close Above 55-DMA.....>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: Bulls Need Close Above 55-DMA
*RES 4: NZ$1.0690 - High Mar 23
*RES 3: NZ$1.0678 - 55-DMA
*RES 2: NZ$1.0672 - High Apr 19
*RES 1: NZ$1.0657 - Bollinger band top
*PRICE: NZ$1.0637 @ 2130GMT
*SUP 1: NZ$1.0601 - High Apr 17 now support
*SUP 2: NZ$1.0549 - Low Apr 16
*SUP 3: NZ$1.0486 - 2018 Low Apr 12
*SUP 4: NZ$1.0477 - LT rising daily TL off 2015 Low
*COMMENTARY: The bounce from recent 2018 & 9mth lows confirmed the significance
of the LT rising daily TL off 2015 lows with bulls now needing a close above the
55-DMA to shift focus to NZ$1.0762-1.0894 where key DMAs, WMAs and the bear
channel top are situated. Bears continue to look for a close below NZ$1.0601 to
ease bullish pressure and below NZ$1.0549 to see the LT rising TL off 2015 lows
pressured once more.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.