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Bulls Targeting 2018 High *RES....>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: Bulls Targeting 2018 High
*RES 4: NZ$1.1290 - 2017 High Oct 24
*RES 3: NZ$1.1139 - High Nov 14
*RES 2: NZ$1.1073 - 2018 High Jan 29
*RES 1: NZ$1.1006 - Low Jan 30 now resistance
*PRICE: NZ$1.0887 @ 2130GMT
*SUP 1: NZ$1.0843 - High May 11 now support
*SUP 2: NZ$1.0805 - 55-WMA
*SUP 3: NZ$1.0765 - 100-DMA
*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 (NZ$1.0805) 21 &
200-WMAs. Monday's marginal close above the 200-DMA (NZ$1.0881) adds support to
the case for a test of 2018 highs. Bears now need a close below NZ$1.0843 to
gain breathing room and below NZ$1.0762 to shift focus back to NZ$1.0655-1.0709
where 55 & 21-DMAs are noted.

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