Free Trial

Supported Ahead of 55-DMA For Now *RES...>

KIWI TECHS
KIWI TECHS: Supported Ahead of 55-DMA For Now
*RES 4: $0.7438 - 2018 High Feb 16 
*RES 3: $0.7415 - Hourly support Feb 16 now resistance 
*RES 2: $0.7395 - High Apr 13 
*RES 1: $0.7372 - High Apr 17
*PRICE: $0.7321 @ 2130GMT
*SUP 1: $0.7285 - 55-DMA
*SUP 2: $0.7241 - Low Apr 6
*SUP 3: $0.7212 - 100-DMA
*SUP 4: $0.7184 - 200-DMA
*COMMENTARY: With daily studies correcting from modestly O/B levels hesitation
ahead of last week's high is less than ideal for bulls. Overall bulls look for a
close above $0.7458 to confirm focus on $0.7558 2017 highs. Bears now look for a
close below the 55-DMA to initially pressure $0.7241 and below this level to
confirm focus back on $0.7130-0.7212 where key DMA and WMAs are found.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.