The bull run seems to be running out of steam. Despite rate hikes the KIWI failed to close above the 8600 area. I still have a bullish view on this pair although I need confirmation before I jump back in.
This week should be interesting. I will be watching for a retest of the 8515/8520 area, if it fails to break lower I will go long. There is potential to go lower if data release this week (FED/Payrolls) is positive. A break below 8420 will negate my bullish view.
This week should be interesting. I will be watching for a retest of the 8515/8520 area, if it fails to break lower I will go long. There is potential to go lower if data release this week (FED/Payrolls) is positive. A break below 8420 will negate my bullish view.