The Kiwi has entered a bullish trend. On our first chart below we see that the 25 day (in blue) and 50 day (in red) exponential moving averages are trending higher, with the 25 above the 50 EMA. This indicates that a bullish trend has commenced in this currency pair.
But just how far can this rally go? The 20 month Average True Range is currently at 370 pips. But of course this is the high to low range, not the open to close range we need to estimate a target.
I’ll be placing my forecast just be…
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