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Looking A Little Heavy *RES 4:....>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: Looking A Little Heavy
*RES 4: NZ$1.0935 - Monthly High May 1
*RES 3: NZ$1.0882 - Low May 1 now resistance
*RES 2: NZ$1.0865 - Bollinger band top
*RES 1: NZ$1.0841 - Hourly resistance Aug 17
*PRICE: NZ$1.0828 @ 2100GMT
*SUP 1: NZ$1.0812 - Hourly support Aug 16
*SUP 2: NZ$1.0794 - Hourly support Aug 15
*SUP 3: NZ$1.0772 - Hourly support Aug 15a
*SUP 4: NZ$1.0751 - Daily Bull channel base
*COMMENTARY: Failure to take out NZ$1.0882 and the sell-off that followed are
concerns for bulls when combined with the Bollinger top limiting follow through
and daily studies looking to correct from O/B. Pressure has returned to the
NZ$1.0772-1.0812 support region. Bears need a close below NZ$1.0772 to pressure
NZ$1.0724-51 where the 21-DMA and bull channel base are situated. Bulls now need
a close above NZ$1.0882 to reconfirm a bullish bias targeting NZ$1.0935-1.1074.

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