Free Trial

NZ$1.0994-1.1025 Resistance.......>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: NZ$1.0994-1.1025 Resistance Region Key
*RES 4: NZ$1.1025 - Hourly support Sept 15 now resistance
*RES 3: NZ$1.1006 - 21-DMA
*RES 2: NZ$1.0994 - High Sept 18
*RES 1: NZ$1.0978 - High Sept 20
*PRICE: NZ$1.0946 @ 2100GMT
*SUP 1: NZ$1.0896 - High Sept 22 now support
*SUP 2: NZ$1.0848 - 55-DMA
*SUP 3: NZ$1.0798 - Low Aug 16 
*SUP 4: NZ$1.0705 - 100-DMA
*COMMENTARY: Bears have so far failed to manage the close below NZ$1.0798 needed
to confirm a break of the 55-DMA with the bounce Monday easing immediate bearish
pressure. Bulls look for a close above NZ$1.1025 to confirm a break of the
21-DMA and to shift focus back to 2017 highs. Daily studies correcting from O/S
support a correction higher. Bears now need a close back below NZ$1.0896 to ease
pressure on the 21-DMA.

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.