Kiwi I haven’t forgotten you!!

Good Morning Dynamic Traders

It’s been a month since I last spoke about the Kiwi, so I would like to revisit it this week!!

Since I last spoke about the Kiwi, it has been steadily dropping until last week where it has been in a very healthy uptrend. It’s now time to see where the change of heart came from.

Below is the daily chart. We had MACD convergence letting us know that price fancied a change. The signal of the change came in the form of a candlestick formation, which formed at a RN which is also at a support line. This is marked accordingly on the chart below.














Tomorrow we will find out if price has managed to continue its climb or is it looking at another fall.

Happy Trading

Richard Monnery