Free Trial

Focus Back On NZ$1.0845-1.0935....>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: Focus Back On NZ$1.0845-1.0935
*RES 4: NZ$1.0935 - Monthly High May 1
*RES 3: NZ$1.0882 - Low May 1 now resistance
*RES 2: NZ$1.0845 - Monthly High July 20
*RES 1: NZ$1.0816 - Bollinger band top
*PRICE: NZ$1.0797 @ 2100GMT
*SUP 1: NZ$1.0755 - Hourly support Aug 8
*SUP 2: NZ$1.0735 - Hourly support Aug 7
*SUP 3: NZ$1.0677 - 21-DMA
*SUP 4: NZ$1.0666 - Daily Bull channel base
*COMMENTARY: Despite pressuring the 100-DMA bears failed to manage the close
below the daily bull channel base needed to shift immediate focus to
NZ$1.0593-1.0614 where the 200-DMA is located. The bounce saw bulls regain
control and return focus to tests of NZ$1.0845-1.0935 where monthly highs are
situated. Key support is noted at NZ$1.0735 with bears needing a close below to
ease immediate bullish pressure. Daily studies are well placed for gains.

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.