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

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: Bulls Now Need Close Above NZ$1.0900
*RES 4: NZ$1.1139 - High Nov 14
*RES 3: NZ$1.1073 - 2018 High Jan 29
*RES 2: NZ$1.1006 - Low Jan 30 now resistance
*RES 1: NZ$1.0900 - Highs May 15 & 16
*PRICE: NZ$1.0894 @ 2130GMT
*SUP 1: NZ$1.0843 - High May 11 now support
*SUP 2: NZ$1.0806 - 55-WMA
*SUP 3: NZ$1.0763 - 100-DMA, 200-WMA
*SUP 4: NZ$1.0762 - High Mar 22 now support
*COMMENTARY: Bulls take comfort in support continuing to emerge on dips back
towards the 55-DMA resulting in weekly closes above the 55, 21 (NZ$1.0774) &
200-WMAs. Continued marginal closes above the 200-DMA (NZ$1.0882) add support to
the case for a test of 2018 highs with a close above NZ$1.0900 now needed. Bears
need a close below NZ$1.0843 to gain breathing room and below NZ$1.0762 to shift
focus back to NZ$1.0655-1.0697 where the 55-DMA is noted.

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