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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$1.0919 @ 2130GMT
*SUP 1: NZ$1.0900 - High May 15 now support
*SUP 2: NZ$1.0883 - 200-DMA
*SUP 3: NZ$1.0843 - High May 11 now support
*SUP 4: NZ$1.0806 - 55-WMA
*COMMENTARY: The close above NZ$1.0900 confirms traction above the 200-DMA and
sees bulls focused on tests of 2018 highs. O/B daily studies are seen as the key
concern for bulls. In saying that, bears now need a close below NZ$1.0843 to
confirm an easing of bullish pressure and sees focus shift back to tests of the
100-DMA (NZ$1.0763). A close above 2018 highs is now needed to target NZ$1.1290
2017 highs.

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