The bullish trend is not over yet and several indicators show signs of a turnaround. The Cloud is supporting a possible bottom.
After the spike today there is some more space on the top on the long run.
We see a clear bow turning down and the next support is far.
Today weems to become an inside day. The tend is intact yet and if the hourly support holds we will see another attempt to rise further.
The former (already traded) rise has been retraced. There may be some $ room to the upside now. The rising Indicator is to be seen as a support.
Uptrend, new high, test down (Fibo 38,2 %) completed. The trend may continue.
We arrived at a good resistance here and another attempt to storm the top is to be expected.
We are facing either a retacement up or a sideward movent. In any case a rise is more likely now.
and since yesterday's new high we are forming one top after the other.
I suppose that we saw a turnaround in the beginning of November which we have just retraced. I will open a smaller long position now but wait for another confirmation of the uptrend to increase the position later.
Usually there will be a second attempt o rise. However there is an open window which may be wanted to close before.
Having waited for a retracement up I am reopening the short position again. The Kiwi is still in a downtrend.
Yesterday we built a new high. I suppose that we shall retest the October high again now.
The rate is moving acceleratingly down. We may test the former bottom now again.
May be that we may see a little retracement down but the uptrend has been confirmed and the rate seems well supported here.