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AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: Support Emerging Ahead Of 100-DMA
*RES 4: NZ$1.1185 - High Nov 1
*RES 3: NZ$1.1139 - High Nov 14
*RES 2: NZ$1.1072 - 21-DMA
*RES 1: NZ$1.1029 - 55-DMA
*PRICE: NZ$1.0993 @ 2030GMT
*SUP 1: NZ$1.0979 - Bollinger band base
*SUP 2: NZ$1.0957 - Low Nov 28
*SUP 3: NZ$1.0938 - 100-DMA, 21-WMA
*SUP 4: NZ$1.0821 - Low Sept 21
*COMMENTARY: Bears took comfort in Monday's close below the 55-DMA but the
Bollinger base is an issue and currently limits follow through as support
emerges ahead of the 100-DMA. Bears now look for a close below the 100-DMA to
add weight to the case for a test of NZ$1.0798-1.0827 where the 200-DMA
(NZ$1.0813) is noted. Bulls now need a close above the 55-DMA to ease bearish
pressure and above the 21-DMA to initially target NZ$1.1139.

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