NZ$1.1080 Break Allows Some.......>

AUSSIE-KIWI TECHS: NZ$1.1080 Break Allows Some Corrective Recovery

*RES 4: NZ$1.1289 Oct 24 high, 2% volatility band

*RES 3: NZ$1.1222/23 Oct 31 high, 76.4% NZ$1.1289-NZ$1.1010

*RES 2: NZ$1.1182 61.8% NZ$1.12891-NZ$1.1010, 1% vol band

*RES 1: NZ$1.1140/49 Nov 14 high, 50% of NZ$1.1289-NZ$1.1010

*PRICE: NZ$1.1090 @ 2044GMT 

*SUP 1: NZ$1.1060/70 Hourly support

*SUP 2: NZ$1.1031/34 4 month rising support line, Nov 10 low

*SUP 3: NZ$1.1010 Nov 9 low

*SUP 4: NZ$1.0990 76.4% Fibo of NZ$1.0898-NZ$1.1289

*COMMENTARY: Found the ability to rally on Tuesday, moving through initial

resistance at NZ$1.1080. This has allowed some further correction of the

NZ$1.1289-NZ$1.1010 fall, with a move towards the 50% Fibo retrace level at

NZ$1.1149. As a result, support also on the rise, NZ$1.1060-70 now the

protection to the 4 month rising support line at NZ$1.1031. Still have stronger

support from the NZ$1.1010-NZ$1.0990 region.