I have just received a new TC signal on the Kiwi to long off my 1 pm candle. Price is above the 4hr Cloud but, with a strengthening USD and the RBNZ happy to jawbone this pair lower, I’m not all that enthused about trying a long here.
Kiwi 4hr: the Kiwi is trading above the crucial 0.77 but is still below a recent bear trend line and the monthly pivot and both of these will act as resistance. A close above the trend line would be encouraging though:
Kiwi 4hr Cloud: price has just moved above the 4hr Cloud:
Kiwi daily Cloud: the picture ain’t so pretty or encouraging here just yet!