- The first chart. White rectange sharp I mark on the chart. You see Kiwi strgugled strongly and drastically to set up the 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 : Yellow and Green. The intersection I mark blue circle. Any break above this circle the controlled, Kiwi will move higher. 0.7710 is the key support, any break below this support will trigger the next 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.