Free Trial

Topside Hesitation A Concern for Bulls...>

KIWI TECHS
KIWI TECHS: Topside Hesitation A Concern for Bulls
*RES 4: $0.7007 - Hourly resistance Oct 20 
*RES 3: $0.6979 - High Nov 9 
*RES 2: $0.6968 - Bollinger band top 
*RES 1: $0.6945 - High Nov 28
*PRICE: $0.6890 @ 2030GMT
*SUP 1: $0.6875 - Low Nov 29
*SUP 2: $0.6851 - Hourly support Nov 22
*SUP 3: $0.6820 - Low Nov 22
*SUP 4: $0.6781 - 2017 Low Nov 17
*COMMENTARY: Bears failed to capitalise on recent 2017 and 18mth lows with the
pair flirting with the 21-DMA ($0.6889). Bulls now look for a close above
$0.6944 to shift focus to $0.6979-0.7048 where the 55-DMA ($0.7032) is noted.
Bears still need a close below $0.6896 to gain breathing room and below $0.6851
to return pressure to 2017 lows and then $0.6674.

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.