KIWI on a Daily chart and Weekly moving sharply downtrend.
There is classic bearish formation and still need to retrace.
The medium-term momentum is still bearish and the pair is holding under the declining medium-term moving averages, so the mood remains bearish and the resistance at 0.6820 should limit the rise. The pair will then move below 0.6700 and target 0.6510/6470.
Prices already broke out of H4 swing low, leaving behind a supply zone for us to work with. Wait for a distribution or confirmation that prices wants to head lower.
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