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March Towards Bull Channel Top....>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: March Towards Bull Channel Top Resumes
*RES 4: NZ$1.1410 - 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$1.1280 @ 2000GMT
*SUP 1: NZ$1.1204 - Hourly support Oct 24
*SUP 2: NZ$1.1163 - Low Oct 24
*SUP 3: NZ$1.1149 - Hourly support Oct 19
*SUP 4: NZ$1.1144 - High Sept 7 now support
*COMMENTARY: Topside hesitation has come to an end with bulls regaining control
and focus reconfirmed on tests of NZ$1.1328-1.1429 where 2015 highs and the bull
channel top are situated. The Bollinger top (NZ$1.1235) remains the key concern
for bulls with potential to limit follow through. The NZ$1.1092-1.1163 support
region is now key. Bears need a close below NZ$1.1144 to gain breathing room and
below NZ$1.1092 to shift focus back to NZ$1.0946-1.1025.

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