motleifaul

We are on the way.

The present rise overexceeds the Fibonacci retracement due. This mkes another rise more likely.

The current downward movement led us below the acceptable for a retracement fibonacci levels. Insofar the further decline is more likely.

The Kiwi is holding well above the relevant indicators und shall be good for a test of the upside.

... the downside of the channel.

We have finally not succeeded to break the declining support line so that a further decline seems to be more likely.

Supported by several trendlines and MAs this support is expected to hold.

After a 3 day rest the kiwi is pressing up again and may reach a new high.

We are just retesting the falling resistance line. I asume that this retest will end with with a fall towards the bottom of the triangle.

The movement is running and there is still some way ahead.

After the steep fall the price shall close the window for profit taking of the sellers.

The momentum is rising again to re-test the high of the ranging channel.

An attempt to correct failed.

Another attempt to reach the top of the channel is due.

Top building at the resistance zone.

The price is moving upward in an upward channel.

... and a break of the MA are confirming the expected new test of the upside.

An upward consolidation after the Monday's fall failed and we are now moving down and are lower then the lowest close of the estimated bottom.