Free Trial

Focus Shifts To Bull Channel......>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: Focus Shifts To Bull Channel Top
*RES 4: NZ$1.1396 - Daily Bull Channel top
*RES 3: NZ$1.1347 - Monthly High Sept 17 2015
*RES 2: NZ$1.1328 - 2016 High Mar 23
*RES 1: NZ$1.1272 - Monthly High Apr 25 2016
*PRICE: NZ$1.1242 @ 2000GMT
*SUP 1: NZ$1.1149 - Hourly support Oct 19
*SUP 2: NZ$1.1144 - High Sept 7 now support
*SUP 3: NZ$1.1092 - High Sept 15 now support
*SUP 4: NZ$1.1025 - Previous key resistance now support
*COMMENTARY: The lack of follow through on the dip below the 21 (NZ$1.0978) & 55
(NZ$1.0956) DMAs resulted in an aggressive break of the NZ$1.1025 resistance,
fresh 2017 and 18mth highs with overall focus now on tests of the bull channel
top. Layers of support have been left in the wake with bears needing a close
below NZ$1.1144 to gain breathing room and below NZ$1.1092 to shift focus back
to NZ$1.1025.

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.