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AUSSIE-KIWI TECHS: Pressuring 21-DMA & Bull Channel Base
*RES 4: NZ$1.1186 - Bollinger band top
*RES 3: NZ$1.1142 - 2017High Sept 1
*RES 2: NZ$1.1107 - High Sept 12
*RES 1: NZ$1.1046 - High Sept 13
*PRICE: NZ$1.1027 @ 2100GMT
*SUP 1: NZ$1.0987 - 21-DMA, Daily Bull channel base
*SUP 2: NZ$1.0913 - Hourly resistance Aug 23 now support
*SUP 3: NZ$1.0880 - High Aug 17 now support
*SUP 4: NZ$1.0858 - Low Aug 23
*COMMENTARY: Continued hesitation ahead of the 2017 high resulted in a close
below NZ$1.1007 Tuesday that sees immediate pressure on the 21-DMA and daily
bull channel base. Bears look for a close below these supports to confirm
immediate focus ton NZ$1.0880-1.0913 and overall focus on NZ$1.0798. Correcting
O/B studies add weight to the bearish case. Bulls now need a close above
NZ$1.1046 to shift focus to NZ$1.1107-42.