Kiwi Fruitful This Week?

Good afternoon ladies and gentlemen

I hope you have all had a wonderful weekend and a great start to the trading week. I was camping in Hampshire this weekend as part of the after celebrations for my friend's wedding. It's a beautiful sight when two people who are genuinely in love commit their lives to one another. I wish them both the best of luck.

So to our mechanical marriage to the markets and to the Kiwi for another week. As most of you should know, an update went up on our sister website about the AUD by the one and only BS. This will give us a good opportunity to see how much the Kiwi and the AUD actually mimic each other. As SM we should know that the two are twin currencies. If one goes up so should the other and vice versa.

Looking at the daily we can see, that price is trying hard to break the previous pivot high. We can look at this in two ways. The saying "Trend is your _____", yes you guessed it "friend", could once again hold true and therefore we could see further move in the up direction. On the other hand, the confluence of the divergence, the Triple Top and the cluster of indecision candles and the fact that we are sitting at a Fib Breather level maybe too strong for price to continue and we could see a reversal!

I will leave you to look at the smaller time frames and the other indicators to see the action in more detail. We will then have a look together tomorrow.

I will leave you with this thought "Integrity is the essence of everything successful!"

Till tomorrow

Abundance is your Birth Right

Zaheer Anwari