The oversold kiwi at last showing some signs of profit booking.
The counter has broken out of a falling wedge pattern.
In the due process, it also made a higher high and higher low formation.
Also, the MACD indicator is showing tradction towards the buy side.
Hence, we expect the pair to move higher from here to the resistance of 72.680.
The counter has broken out of a falling wedge pattern.
In the due process, it also made a higher high and higher low formation.
Also, the MACD indicator is showing tradction towards the buy side.
Hence, we expect the pair to move higher from here to the resistance of 72.680.