Kiwi: levels to watch by Mary McNamara

The NZD/USD is consolidating within a small triangle on the 4hr chart under key 0.77 resistance but it does look to be trying to form a new TC LONG signal.

Kiwi 4hr: any new TC signal might also align with a triangle breakout and a break above the 0.77 level. This confluence, if it evolves, would add strength to the TC signal. This 4hr candle doesn’t close for another 3hr though:


Kiwi 4hr Cloud: price is above the 4hr Cloud so any new TC LONG signal would be valid:


Kiwi daily Cloud: price is also above the daily Cloud too which supports any new TC LONG signal. Note the significance of this 0.77 level. Some traders might prefer to wait and see a daily candle close above this key 0.77 level:


Summary: I will check at 7pm for any new TC LONG signal.

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