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NZ$1.0906 Resistance Confirms.....>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: NZ$1.0906 Resistance Confirms Significance
*RES 4: NZ$1.1006 - Low Jan 30 now resistance
*RES 3: NZ$1.1006 - Low Jan 30 now resistance
*RES 2: NZ$1.0962 - High May 25
*RES 1: NZ$1.0906 - Low May 25 now resistance
*PRICE: NZ$1.0894 @ 2130GMT
*SUP 1: NZ$1.0881 - 200-DMA
*SUP 2: NZ$1.0827 - Low June 5
*SUP 3: NZ$1.0762 - Alternating daily support/resistance
*SUP 4: NZ$1.0752 - 100-DMA
*COMMENTARY: Bulls take comfort in the close above the 200-DMA that sees the
pair pressuring the NZ$1.0906 resistance. Bulls look for a close above NZ$1.0906
to confirm traction above the 200-DMA and above NZ$1.0962 to reconfirm focus on
2018 highs. Daily studies are well placed for a fresh leg higher. Bears now need
a close below NZ$1.0827 to ease bullish pressure and below NZ$1.0697 needed to
return focus to tests of 2018 lows.

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