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Focus Returns To NZ$1.0661-86.....>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: Focus Returns To NZ$1.0661-86
*RES 4: NZ$1.0845 - Monthly High July 20
*RES 3: NZ$1.0821 - Bollinger band top
*RES 2: NZ$1.0805 - High Aug 8
*RES 1: NZ$1.0787 - Hourly resistance Aug 9
*PRICE: NZ$1.0730 @ 2100GMT
*SUP 1: NZ$1.0686 - 21-DMA
*SUP 2: NZ$1.0678 - Daily Bull channel base
*SUP 3: NZ$1.0661 - 100-DMA
*SUP 4: NZ$1.0615 - 200-DMA
*COMMENTARY: Failure to capitalise further on gains on the recovery from a dip
back to the 100-DMA is less than ideal for bulls with the break of the NZ$1.0735
support adding weight to the bearish case for a move initially back to
NZ$1.0661-86 where key supports are situated. The NZ$1.0805 resistance is now
key with bulls needing a close above to reconfirm a bullish bias targeting
NZ$1.0845-82.

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