Kiwi Struggling!!

Good Morning Dynamic Traders

Yesterday I left you asking whether price will drop. Yes, price did drop yesterday so let’s have a look at why?

In the hour chart below you can see the divergence that I referred to yesterday from the MACD and you can also that see price struggling at the RN. These signals make us aware of when price is going to change direction, but as trading is not an exact science, these signals didn’t let us know when the change was going to happen! The MACD helped us once with the divergence, but it also helped us again. We were given a buy signal from the MACD and if you look at price at the same point, that was when the changed happened.
Price hasn’t really moved much from yesterday, but the small downturn stopped at a fib breather level. Price then retested the high before dropping further.














Price is really struggling at the RN that it is currently hovering around. On my Monday’s update we will find out whether or not price has been able to beat the RN.

Hope you all have a good weekend

Happy Trading

Richard Monnery