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Bulls Targeting 2017 High *RES....>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: Bulls Targeting 2017 High
*RES 4: NZ$1.1290 - 2017 High Oct 24
*RES 3: NZ$1.1238 - High Oct 26
*RES 2: NZ$1.1139 - High Nov 14
*RES 1: NZ$1.1052 - 2018 High Jan 3, Bollinger top
*PRICE: NZ$1.1061 @ 2030GMT
*SUP 1: NZ$1.1052 - High Jan 3 now support
*SUP 2: NZ$1.1016 - Low Jan 29
*SUP 3: NZ$1.1003 - 100-DMA
*SUP 4: NZ$1.0988 - 55-DMA
*COMMENTARY: Support emerging on dips back to the 200-DMA last week provided the
base for a move that saw closes above key DMAs Friday and immediate focus on
2017 highs. Bulls take additional comfort in the close at fresh 2018 highs
although the Bollinger top (NZ$1.1064) is a concern and limits follow through.
Bears still need a close below the 55-DMA to ease bullish pressure and below
NZ$1.0932 to shift focus back to NZ$1.0824-45.

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