This structure suggests that KIWI is getting ready on the move down. The structure failed to break the resistance level and about to break the support level. The analysis is based on candle stick pattern, support & resistance , moving average and currency volatility . Please check the Daily and 4H chart for confirmation. So far GBP and NZD are the strongest currency. Can trade other currency with nzd. Make sure to check the currency meter. Watch out for economic news specially rbnz interest rate decision as this structure will move fundamentally. The idea is valid if the movement is within the entry level. The structure can break the resistance level on the bottom (structure-break-out). It will also break the groud zero.
Note: This idea is valid if there is no intervening from Australian Dollar.