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New Lows: *RES 4: 0.6941 55-dma *RES...>

*RES 4: 0.6941 55-dma
*RES 3: 0.6911/16 Low Jul 10/50% of Jul-Aug fall
*RES 2: 0.6840/61 200-hma/Low Jun 19
*RES 1: 0.6801 High Aug 06
*PRICE: 0.6716 @ 05:55 GMT Aug 07
*SUP 1: 0.6677 Intraday/YTD low
*SUP 2: 0.6626 Lower 3.0% 10-dma envelope
*SUP 3: 0.6587 Lower Bollinger Band (3%)
*SUP 4: 0.6567 Low Mar 18, 2009
Fresh multi-year lows have been registered in the wake of the latest RBNZ MonPol
decision, as pressure spilled from over the Tasman, with 0.6700 briefly breached
overnight. A break of the fresh cycle low would open up the lower 3.0% 10-dma
envelope. Bulls really need to recover 0.6800 and the Aug 06 high in quick order
to regain some poise.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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