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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$1.0847 - 200-DMA
*RES 3: NZ$1.0808 - High Feb 14
*RES 2: NZ$1.0780 - Hourly resistance Feb 14
*RES 1: NZ$1.0771 - 200-WMA
*PRICE: NZ$1.0734 @ 2030GMT
*SUP 1: NZ$1.0700 - Alternating daily support/resistance
*SUP 2: NZ$1.0650 - 2018 Low Feb 22
*SUP 3: NZ$1.0588 - Low July 31
*SUP 4: NZ$1.0491 - Low July 13
*COMMENTARY: The lack of follow through on 2018 lows combined with correcting
O/S studies is less than ideal for bears who are focused on NZ$1.0458-91 where
the LT rising TL is located. Layers of resistance remain in place with bulls
still needing a close above NZ$1.0780 confirm a break of the 200-WMA and gain
breathing room and target a correction back to NZ$1.0847-1.0896 where 55 &
200-DMAs are situated.

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