Free Trial

Close Above NZ$1.1025 Targets.....>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: Close Above NZ$1.1025 Targets 2017 High
*RES 4: NZ$1.1142 - 2017High Sept 1
*RES 3: NZ$1.1107 - High Sept 12
*RES 2: NZ$1.1057 - Hourly support Sept 15a now resistance
*RES 1: NZ$1.1025 - Hourly support Sept 15 now resistance
*PRICE: NZ$1.1011 @ 2000GMT
*SUP 1: NZ$1.0994 - High Sept 18 now support
*SUP 2: NZ$1.0944 - 21-DMA
*SUP 3: NZ$1.0925 - Hourly support Oct 3
*SUP 4: NZ$1.0900 - Hourly resistance Oct 3 now support
*COMMENTARY: The recovery from Sept lows has resulted in a gapping move higher
to start the new week with bulls needing a close above NZ$1.1025 to shift focus
to NZ$1.1107-42 where 2017 highs are located. Daily studies have room to move
before O/B becomes an issue. Support layers have been left in the wake with
bears now needing a close below NZ$1.0994 to gain breathing room and below the
55-DMA (NZ$1.0890) to shift focus back to NZ$1.0798-1.0821.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.