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

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: Bulls Need Close Above Bear Channel Top
*RES 4: NZ$1.0862 - 200-DMA
*RES 3: NZ$1.0854 - High June 8
*RES 2: NZ$1.0798 - Daily Bear channel top off May high
*RES 1: NZ$1.0793 - High June 14
*PRICE: NZ$1.0784 @ 2130GMT
*SUP 1: NZ$1.0759 - Hourly support June 26
*SUP 2: NZ$1.0709 - Low June 22
*SUP 3: NZ$1.0655 - Low May 9 & June 19
*SUP 4: NZ$1.0601 - High Apr 17 now support
*COMMENTARY: The break of the key NZ$1.0697 support lacked follow through last
week which is less than ideal with daily studies correcting from O/S.
NZ$1.0793-98 resistance remains key. Bulls need a close above the bear channel
top to shift focus back to NZ$1.0854-1.0906. Bears still need a close below
NZ$1.0709 to reconfirm focus on a close below NZ$1.0655 to add weight to the
case for a test of NZ$1.0486-1.0502 where the LT rising TL is noted.

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