Kiwi continued yesterday's strength and broke above last week's range and 0.66 level that capped it on several occasions in the past three weeks. Better data from Australia and China overnight didn't do it any harm.

The pair is effectively back above 50 DMA which is a part of a strong resistance (now support) zone between 0.6590 and 0.6610. Interim target is 0.6750 on the way to 0.70, ahead of which we have 200 DMA (currently ~0.6920) and a declining trendline drawn off of 2014 and 2015 highs (currently ~0.6930).

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