Free Trial

Key WMAs Supporting, Key DMAs Capping....>

KIWI TECHS
KIWI TECHS: Key WMAs Supporting, Key DMAs Capping
*RES 4: $0.7354 - Highs Mar 13 & 14 
*RES 3: $0.7315 - Low Mar 14 now resistance, Falling TL 
*RES 2: $0.7285 - 55-DMA 
*RES 1: $0.7265 - Low Mar 15 now resistance
*PRICE: $0.7229 @ 2030GMT
*SUP 1: $0.7191 - Hourly resistance Mar 21 now support
*SUP 2: $0.7151 - Low Mar 21
*SUP 3: $0.7143 - 55-WMA
*SUP 4: $0.7138 - 21-WMA
*COMMENTARY: Despite bouncing following the emergence of support ahead of key
WMAs $0.7126-43 the pair has remained capped ahead of the 55-DMA. Bulls need a
close above the 55-DMA to shift initial focus back to $0.7315-54 where the TL
off 2018 highs is noted. The $0.7126-37 support region remains key with bears
needing a close below to hint at a move back to 2017 lows with below $0.7042 to
confirm.

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.