With the current sell off of the Kiwi, we are approaching an area where there could be a reversal.
This ties in with the the EURNZD and AUDNZD pairs that also show an area of possible reversal.
Price may rebound between the areas marked out by yellow boxes.
The sharp drops from the yellow boxes above (supply zones) tell us the pair could rebound upon returning to that area.
Drop at 86.08
EP: ~86.080
SL: ~86.780
TP: ~84.080 (R/R: ~4.5:1)
Drop at 88.29
EP: ~88.290
SL: ~88.510
TP: ~86.050 (R/R: ~7.0:1)
Drop at 90.46
EP: ~90.460
SL: ~90.800
TP: ~88.510 (R/R: ~7.0:1)
This ties in with the the EURNZD and AUDNZD pairs that also show an area of possible reversal.
Price may rebound between the areas marked out by yellow boxes.
The sharp drops from the yellow boxes above (supply zones) tell us the pair could rebound upon returning to that area.
Drop at 86.08
EP: ~86.080
SL: ~86.780
TP: ~84.080 (R/R: ~4.5:1)
Drop at 88.29
EP: ~88.290
SL: ~88.510
TP: ~86.050 (R/R: ~7.0:1)
Drop at 90.46
EP: ~90.460
SL: ~90.800
TP: ~88.510 (R/R: ~7.0:1)
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