I've been following the Dollar + DXY very carefully over the last few days pairing this with news also. I strongly believe that before Kiwi goes on to reach further highs, there needs to be a long awaited correction which has been anticipated by retail traders. Investors will push the price one more time to 0.7 mark before selling off to the nearest strongest support line which has been marked on my graph. It's a risky trade as the US data tomorrow might be very poor, though highly doubtful giving the overall sentiment and growth of the US economy.
Tight SL on this one guys if you are entering. Best of luck.
What are your thoughts on this pair?
Tight SL on this one guys if you are entering. Best of luck.
What are your thoughts on this pair?