KIWI DOLLAR CHART; D

nzdusddaily

 

Current rate – 0.65510         S1 – 0.65241          R1 – 0.65374

The Kiwi likely have a bearish trend on weekly time frame.The price is on the 50.00% fib retr., It looks like the pair is favoring the downside movement. Any  further gains we will treat as a corrective and look on them as a opportunity to establish a short position on more attractive levels once the upswing is exhausted.

USD- Bullish.

NZD- Bearish.

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