- Kiwi bounces off trendline following bearish break, signaling further lows.
- Broader Dollar recovery is sending risk assets down.
- Hourly indictors are caught in oversold territory.
Spot rate: 0.7002
Relative change: Negligible
High: 0.7008
Low: 0.7000
Trend: Flat to bearish
Support 1: 0.6996 (previous day low; current week low)
Support 2: 0.6972 (previous week low)
Support 3: 0.6881 (two-week low)
Resistance 1: 0.7052 (one-week high)
Resistance 2: 0.7079 (161.8% Fibonacci level)
Resistance 3: 0.7108 (R2 1-Week pivot)
Share
