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Rejected Aggressively Ahead Of....>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: Rejected Aggressively Ahead Of 21-DMA
*RES 4: NZ$1.0956 - 55-DMA
*RES 3: NZ$1.0894 - High Feb 8
*RES 2: NZ$1.0846 - 200-DMA
*RES 1: NZ$1.0829 - Hourly resistance Feb 8
*PRICE: NZ$1.0786 @ 2030GMT
*SUP 1: NZ$1.0744 - 2018 Low Feb 7
*SUP 2: NZ$1.0728 - 100-WMA
*SUP 3: NZ$1.0588 - Low July 31
*SUP 4: NZ$1.0491 - Low July 13
*COMMENTARY: Pressure on the 200-DMA took its toll this week with a sharp
sell-off back towards the 100-WMA. Follow through has been a little lacking with
bears needing a close below the 100-WMA to shift focus to NZ$1.0442-91 where the
LT rising TL is located. The rally Thursday was aggressively rejected ahead of
the 21-DMA. Bulls now need a close above the 21-DMA to ease bearish pressure and
above NZ$1.1073 to target 2017 highs (NZ$1.1290).

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