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

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: NZ$1.0798 & NZ$1.1025 Levels Key
*RES 4: NZ$1.1025 - Hourly support Sept 15 now resistance
*RES 3: NZ$1.0994 - High Sept 18
*RES 2: NZ$1.0978 - High Sept 20
*RES 1: NZ$1.0967 - 21-DMA
*PRICE: NZ$1.0943 @ 2000GMT
*SUP 1: NZ$1.0925 - Hourly support Oct 3
*SUP 2: NZ$1.0900 - Hourly resistance Oct 3 now support
*SUP 3: NZ$1.0848 - Low Oct 2
*SUP 4: NZ$1.0821 - Low Sept 21
*COMMENTARY: Failure to manage the close below NZ$1.0798 needed to confirm a
break of the 55-DMA and initially target NZ$1.0699-1.0711 has resulted in a
bounce back towards layers of resistance NZ$1.0967-1.1025. Bulls continue to
look for a close above NZ$1.1025 to confirm a break of the 21-DMA (NZ$1.0967)
and shift focus back to 2017 highs. Correcting O/S studies add to the case for a
correction but NZ$1.1025 remains key.

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