The Cosy Kiwi!

Good afternoon ladies and gentlemen

Half way through the week and I hope it's been progressive and profitable so far.

I had my first look of the day at the Kiwi moments ago and so far we can say that price is finding real comfort with in this S and R Zone. It has broken out Long and Short on several occassions but then reversed straight back in. On the 1 hour chart we can see that price has dropped to and tested the VI twice. Could we see price bouncing off this with enought strength to convincingly break Long and move onwards and upwards. The indicators at the moment don't seem to be saying much although RSI is hovering very close to the midline. If we look at the AUD on the 1 hour chart, we can see price pretty much doing the same thing!!

As always do your own analysis.

I will leave you with this thought "If you want to feel rich, just count the things that money can't buy!"

Till tomorrow

Abundance is your Birth Right

Zaheer Anwari