NZ$1.1080 Still Provides..........>

AUSSIE-KIWI TECHS: NZ$1.1080 Still Provides Immediate Bar To Any Recovery

*RES 4: NZ$1.1151 50% Fibo of NZ$1.1291-NZ$1.1010

*RES 3: NZ$1.1127 Nov 6 high

*RES 2: NZ$1.1096/97 Nov 10, Nov 7,Nov 8 highs

*RES 1: NZ$1.1076/80 Nov 13 high, hourly resistance

*PRICE: NZ$1.1048 @ 2033GMT 

*SUP 1: NZ$1.1024/34 4 month rising support line, Nov 10 low

*SUP 2: NZ$1.0990/10 76.4% of NZ$1.0898-NZ$1.1289, Nov 9 low

*SUP 3: NZ$1.0974 1% volatility band

*SUP 4: NZ$1.0934 76.4% Fibo of NZ$1.0824-NZ$1.1289

*COMMENTARY: Still clinging to support from above the 4 month rising support, a

low of NZ$1.1034 on Friday before finding the ability to bounce. In this

respect, will need to see gains back above NZ$1.1080, before the immediate bear

bias is reduced. Below NZ$1.1034-NZ$1.1024 and focus will switch back to the Nov

9 low at NZ$1.1010 and then the first of two 76.4% Fibo retrace levels at

NZ$1.0990. Above NZ$1.1080 and  previously troublesome NZ$1.0996-97 next.