In my last kiwi dollar post i had posted my long term outlook on kiwi dollar and it indeed came dropping down from my labelled zone and after the FOMC statement broke through the low I had labelled with strong momentum. This is a refreshed long term outlook on kiwi dollar, I will soon post the exact area at which I think it will reverse from. Short term i think...
kiwi dollar on a short/medium term correction to marked area of liquidity where I sense it will grab liquidity and activate buy stops of those who have their buy stops in place already, as well as taking out the stops of those who were on the right side of the trade but greed got the best of them and they did not close. Overall based on central bank rates of kiwi...
With the dollar index (DXY) continuing its bearish momentum.. We can expect GBPUSD to continue its push upside after respecting psychological level 1.38000 at an important structural point. Bullish for the week, must break out of last week's high.
Young long term outlook on pound dollar... Could break that resistance that has been stubborn for some time and go retest a higher HL/rejection zone before dropping again. Based on the look of the USD 10 year yield, Dollar index & correlated pairs will be affected by the bearish push of the 10 year yield.
