Last weeks rally looks set to continue near term with two immediate targets at 1.0640 then 1.0670 ( Inverted SHS Target). Support should now be located at the Daily Pivot and minor uptrend support near 1.0565.
Update - Support zone held price for a run toward the initial target at 1.0640. Dips should ideally find strong support at 1.0575/85 for a run to complete the Inverted SHS.
Nzd/Usd -
Exact same pattern on the Kiwi - Inverted SHS target 0.8390 with minor target at 0.8345 first. Support lies at 0.8225.
Update - Something just isn't right here .... Kiwi is lagging way behind the other pairs after what was a choppy night going nowhere. Whilst the pattern remains valid watch the Kiwi for a failure. A break and close under the Hourly 200 Ema would signal the decline.
1 comment:
canny still open your charts, spinner
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