I have two charts to introduce, both are daily chart.
- The first chart. White rectange sharp I mark on the chart. You see Kiwi strgugled strongly and drastically to set up the bullish trend after touching year low at 0.7710
Now price tested 0.7710, Kiwi once struggles around this level.
- the next chart,obivously, I have two trend lines : Yellow and Green. The intersection I mark blue circle. Any break above this circle the bearish controlled, Kiwi will move higher. 0.7710 is the key support, any break below this support will trigger the next bearish wave for NZDUSD.
Depend on demand for Dollar. Next week there is no NZ economic data, so this pair mainly is drived by risk appetite for USDollar.
I keep neutral bias. Wait for more signals.
- The first chart. White rectange sharp I mark on the chart. You see Kiwi strgugled strongly and drastically to set up the bullish trend after touching year low at 0.7710
Now price tested 0.7710, Kiwi once struggles around this level.
- the next chart,obivously, I have two trend lines : Yellow and Green. The intersection I mark blue circle. Any break above this circle the bearish controlled, Kiwi will move higher. 0.7710 is the key support, any break below this support will trigger the next bearish wave for NZDUSD.
Depend on demand for Dollar. Next week there is no NZ economic data, so this pair mainly is drived by risk appetite for USDollar.
I keep neutral bias. Wait for more signals.