15th January 2020
Looking at Kiwi-Cad from the monthly perspective, we can clearly see that this pair is within a range. In addition to this, the monthly uptrend structure has been broken and would provide us of an indication with regards to a long term trend change. The structure is currently creating lower highs and lower lows, also indicating a pattern on the 4HR timeframe, which is considered a liquidity grab in order for the pair to move to the downside. The inner as shown has also been broken. We are awaiting a break and retest of the 0.8625 level. This will activate sell orders. We have a mid-term target of 0.8460, providing us with a yield of 2%. Our long term target will be the of 0.83000, providing us with an overall yield of 4%.