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NZ$1.0880-1.0913 Support Region...>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: NZ$1.0880-1.0913 Support Region Key
*RES 4: NZ$1.1147 - Low Apr 21 now resistance
*RES 3: NZ$1.1034 - Low Apr 13 now resistance
*RES 2: NZ$1.1020 - 2017 High Mar 16
*RES 1: NZ$1.0983 - High Aug 28
*PRICE: NZ$1.0960 @ 2100GMT
*SUP 1: NZ$1.0950 - Hourly resistance Aug 29 now support
*SUP 2: NZ$1.0913 - Hourly resistance Aug 23 now support
*SUP 3: NZ$1.0880 - High Aug 17 now support
*SUP 4: NZ$1.0858 - Low Aug 23
*COMMENTARY: Bulls took comfort in support emerging on dips back towards the
21-DMA and channel base which provided the catalyst for a break higher that
reconfirmed the bullish bias and sees bulls focused on NZ$1.1020-34. Bulls need
a close above NZ$1.1034 to confirm focus on NZ$1.1147-95. Support remain with
bears needing a close below NZ$1.0913 to ease bullish pressure and below
NZ$1.0880 to shift focus back to NZ$1.0794-1.0820.

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