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Topside Hesitation Less Than......>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: Topside Hesitation Less Than Ideal
*RES 4: NZ$1.1403 - Daily Bull Channel top
*RES 3: NZ$1.1347 - Monthly High Sept 17 2015
*RES 2: NZ$1.1328 - 2016 High Mar 23
*RES 1: NZ$1.1272 - Monthly High Apr 25 2016
*PRICE: NZ$1.1203 @ 2000GMT
*SUP 1: NZ$1.1149 - Hourly support Oct 19
*SUP 2: NZ$1.1144 - High Sept 7 now support
*SUP 3: NZ$1.1092 - High Sept 15 now support
*SUP 4: NZ$1.1025 - Previous key resistance now support
*COMMENTARY: The lack of follow through on the dip below the 21 (NZ$1.0977) & 55
(NZ$1.0955) DMAs resulted in an aggressive break of the NZ$1.1025 resistance,
fresh 2017 and 18mth highs with overall focus now on tests of the bull channel
top. Layers of support have been left in the wake with bears needing a close
below NZ$1.1144 to gain breathing room and below NZ$1.1092 to shift focus back
to NZ$1.1025.

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