Free Trial

NZ$1.0798 & NZ$1.1025 Levels......>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: NZ$1.0798 & NZ$1.1025 Levels Remain Key
*RES 4: NZ$1.0954 - High Sept 27
*RES 3: NZ$1.0942 - Hourly resistance Sept 28a
*RES 2: NZ$1.0911 - Hourly resistance Sept 27
*RES 1: NZ$1.0888 - Hourly resistance Sept 28
*PRICE: NZ$1.0876 @ 2000GMT
*SUP 1: NZ$1.0848 - Low Oct 2
*SUP 2: NZ$1.0821 - Low Sept 21
*SUP 3: NZ$1.0798 - Low Aug 16
*SUP 4: NZ$1.0788 - Bollinger band base
*COMMENTARY: Bears have so far failed to manage the close below NZ$1.0798 needed
to confirm a break of the 55-DMA and initially target NZ$1.0697-1.0710 although
the topside failures ahead of NZ$1.0994 ensure pressure remains on key supports.
Modestly O/S studies looking to correct remain the key concern for bears. Bulls
continue to look for a close above NZ$1.1025 to confirm a break of the 21-DMA
(NZ$1.0974) and shift focus back to 2017 highs.

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.