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NZ$1.0843 Support Now Key *RES....>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: NZ$1.0843 Support Now Key
*RES 4: NZ$1.1006 - Low Jan 30 now resistance
*RES 3: NZ$1.0962 - High May 25
*RES 2: NZ$1.0906 - Low May 25 now resistance
*RES 1: NZ$1.0886 - 200-DMA
*PRICE: NZ$1.0870 @ 2130GMT
*SUP 1: NZ$1.0843 - High May 11 now support
*SUP 2: NZ$1.0810 - 55-WMA
*SUP 3: NZ$1.0756 - 100-DMA
*SUP 4: NZ$1.0700 - 55-DMA
*COMMENTARY: The lack of follow through on Friday's 3mth highs has resulted in a
sell-off Monday that sees the pair close below the 200-DMA. Bears continue to
look for a close below NZ$1.0843 to initially target the 100-DMA and then the
55-DMA below. Correcting O/B studies add weight to the case for a correction.
Bulls now need a close above NZ$1.0906 to regain the upper hand and above
NZ$1.0962 to reconfirm focus on 2018 highs.

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