Free Trial

Immediate Focus On 200-DMA *RES 4:.......>

KIWI TECHS
KIWI TECHS: Immediate Focus On 200-DMA
*RES 4: $0.7344 - High Sept 22 
*RES 3: $0.7296 - Hourly resistance Sept 25 
*RES 2: $0.7252 - Low Sept 25 now resistance 
*RES 1: $0.7227 - Hourly resistance Sept 26
*PRICE: $0.7201 @ 2100GMT
*SUP 1: $0.7167 - Low Sept 26
*SUP 2: $0.7144 - 200-DMA
*SUP 3: $0.7140 - Bollinger band base
*SUP 4: $0.7128 - Low Aug 31
*COMMENTARY: A lack of topside follow through continues with the break back
below $0.7293 follow up with a close below 21 ($0.7248) & 100 ($0.7236) DMAs and
focus now on the 200-DMA. Daily studies remain well placed for losses with the
Bollinger band base the key concern for bears. Layers of resistance are weighing
with bulls now needing a close above $0.7252 to ease bearish pressure and above
$0.7296 to return focus to $0.7377-0.7458.

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.