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