Kiwi Index Approached Support, Prepare For A Further Rise


Kiwi index approached its support at 6.8796 (horizontal swing low support, 100% Fibonacci extension,50% Fibonacci retracement) where it could potentially bounce to its resistance at 6.9311(38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback resistance ).

Stochastic (34, 5, 3) is approaching its support where a corresponding bounce could occur.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Chart PatternsHarmonic PatternsindexkiwikiwidollarkiwiindexNZDTrend AnalysisUSD

Disclaimer