Sforex

Kiwi: 0.6500 is a strong support, need more catalyst.

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
1
The downtrend of Kiwi is challenged at the strong support I draw on the chart 0.6500. Last week, I see NZDUSD tested this support many times

If NZDUSD could break this support, there is no major support untill the Year Low 0.6225, so we must watch this level carefully, any break is a great chance to SELL.

I watch Ichimoku pattern, and see that NZUSD is standing at a position which Kiwi can't move higher, a position which Kiwi must move lower. Kumo cloud creates a strong pressure.

I maintain bearish bias.

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