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NZ$1.1045 Resistance Key To.......>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: NZ$1.1045 Resistance Key To Further Topside
*RES 4: NZ$1.1139 - High Nov 14
*RES 3: NZ$1.1045 - Low Dec 5 now resistance
*RES 2: NZ$1.1027 - Hourly resistance Dec 6
*RES 1: NZ$1.1012 - High Dec 20
*PRICE: NZ$1.0982 @ 2030GMT
*SUP 1: NZ$1.0923 - Low Dec 21
*SUP 2: NZ$1.0904 - Low Dec 18
*SUP 3: NZ$1.0858 - Low Dec 12
*SUP 4: NZ$1.0828 - 200-DMA
*COMMENTARY: Hesitation ahead of the 200-DMA and key WMAs NZ$1.0722-63 took its
toll with an aggressive bounce in previous weeks that eased bearish pressure.
Bulls need a close above NZ$1.1045 to confirm breaks of 21 (NZ$1.0978) & 55
(NZ$1.1045) DMAs and initially target NZ$1.1139. Bears need a close below
NZ$1.0904 to retain focus on the NZ$1.0722-1.0858 support region. Below the
100-WMA (NZ$1.0723) shifts focus back to NZ$1.0364 June lows.

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