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Focus On NZ$1.0458-91 While.......>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: Focus On NZ$1.0458-91 While NZ$1.0780 Caps
*RES 4: NZ$1.0808 - High Feb 14
*RES 3: NZ$1.0780 - Hourly resistance Feb 14
*RES 2: NZ$1.0724 - 100-WMA
*RES 1: NZ$1.0700 - Low Feb 16 now resistance
*PRICE: NZ$1.0685 @ 2030GMT
*SUP 1: NZ$1.0650 - 2018 Low Feb 22
*SUP 2: NZ$1.0588 - Low July 31
*SUP 3: NZ$1.0491 - Low July 13
*SUP 4: NZ$1.0458 - LT Rising TL off 2015 Low
*COMMENTARY: Bears take comfort in the pair remaining capped ahead of
NZ$1.0780-1.0808 and the break of NZ$1.0700 that now shifted focus on
NZ$1.0458-91 where the LT rising TL is located. Layers of resistance are
following the pair lower with bulls now needing a close above NZ$1.0780 to gain
breathing room and target a correction back to NZ$1.0850-1.0906 where 55 &
200-DMAs are situated.

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