FX:NZDUSD   New Zealand Dollar/U.S. Dollar
16 0 0
The Kiwi has become a bit bullish lately especially if you consider the price breaking out of the previous bearish Channel and with the current bullish channel still intact it shows us the Kiwi is looking strong.Also a couple of things to look at here would be the rising wedge like structure the price is trading in.The T.L support from November 18th remains intact and has been tested about 3 times as the pair pushed higher.The T.L resistance too has been tested thrice and continues to be in play.The pair is holding up around the 0.236% retracement level.A close below the area and breach of T.L support would set the pair up for a move lower to 0.382% retracement level.At the moment I consider 0.6640-0.6600 area as a decent zone to look for a buy.If the T.L support remains intact then we may see a bounce back for a retest of the 0.68-0.69 area possibly.
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