Free Trial

NZ$1.1025 Resistance Key *RES.....>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: NZ$1.1025 Resistance Key
*RES 4: NZ$1.1142 - 2017High Sept 1
*RES 3: NZ$1.1107 - High Sept 12
*RES 2: NZ$1.1057 - Hourly support Sept 15a now resistance
*RES 1: NZ$1.1025 - Hourly support Sept 15 now resistance
*PRICE: NZ$1.0983 @ 2000GMT
*SUP 1: NZ$1.0944 - Low Oct 9
*SUP 2: NZ$1.0930 - 21-DMA
*SUP 3: NZ$1.0925 - Hourly support Oct
*SUP 4: NZ$1.0913 - 55-DMA
*COMMENTARY: The recovery from Sept lows resulted in a gapping move higher last
Monday 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$1.09013 to
shift focus back to NZ$1.0798-1.0824 and below NZ$1.0798 to target 100
(NZ$1.0736) & 200 (NZ$1.0722) DMAs.

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.