the last 24 hours have shown strong resistance at fibo 38.2 & 50
I believe the downtrend has reached its low, and the kiwi will continue to rise as we come close to the world investment forum & IMF/World Bank spring meeting at 12:00PM +12GMT. Does anyone else share my view?
My overall bias on the Aussie and Kiwi is short as both monthly charts are due for corrections. Thats over the long term for the short term yes I do see a rise in price before any sustained moves to the down side even come in play.
thanks for clearing the things a little I was starting to be a little worried.
