Kiwi, Where are you going?

Good Morning Dynamic Traders,

Weekend is now fully insight, which does mean however that our trading for week is almost over.

I will be following the Kiwi for another week and tomorrow I will be expressing some of my views of what the Kiwi potentially has in store for us! Today I thought we would have a look at recent events of Kiwi on the 4 hour chart.
Yesterday we saw the Kiwi stop falling and it started to climb, and from the looks of the day this climb looks set to continue a little further. However from the 4 hour chart below we can see that price has started to slow down. Price has started to slow down, because it has climbed towards a RN. If you look to the left of price you see that this is also a previous resistance line.














We will now have to wait and see if price can beat the resistance line and continue its climb up.
I would like to apologise for my brief update today, but tomorrows update is going to very interesting, as I think the Kiwi might soon offer us profit grabbing opportunities.

Happy Trading

Richard Monnery