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NZ$1.1025 Resistance Key &........>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: NZ$1.1025 Resistance Key & Capping
*RES 4: NZ$1.1057 - Hourly support Sept 15a now resistance
*RES 3: NZ$1.1025 - Hourly support Sept 15 now resistance
*RES 2: NZ$1.1005 - High Oct 16
*RES 1: NZ$1.0956 - Hourly resistance Oct 16
*PRICE: NZ$1.0944 @ 2000GMT
*SUP 1: NZ$1.0928 - 21-DMA
*SUP 2: NZ$1.0923 - 55-DMA
*SUP 3: NZ$1.0900 - Hourly resistance Oct 3 now support
*SUP 4: NZ$1.0821 - Low Sept 21
*COMMENTARY: The recovery from Sept lows resulted in a gapping move higher last
week only to remain capped ahead of NZ$1.1025. Bulls need a close above
NZ$1.1025 to shift focus to NZ$1.1107-42. Topside hesitation has taken its toll
with focus on 55 & 21-DMAs. Bears need a close below the 55-DMA (NZ$1.09018) to
shift focus back to NZ$1.0798-1.0824 and below NZ$1.0798 to target 100
(NZ$1.0740) & 200 (NZ$1.0724) DMAs.

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