NZD/USD Update
Kiwi's last week bounce came from a confluence area highlighted in a previous analysis. Keeping interest rates @ 1.00% really helped kick it higher. A look @ daily and 4-hour chart shows a clear bottoming formation. Kiwi is trying to break out higher on hourly chart.
Some overhead resistance, descending slope line, 61.8 retracement of the month and a couple of fresh daily highs.
1-Hour Chart
Hourly close above 0.64185, will confirm a bullish continuation.
Daily Chart
Looks like an unfinished inverse H&S pattern, with a neckline @ 0.6435 - 0.6450.
4-Hour Chart.
Finished inverse H&S pattern, early October.
Some overhead resistance, descending slope line, 61.8 retracement of the month and a couple of fresh daily highs.
1-Hour Chart
Hourly close above 0.64185, will confirm a bullish continuation.
Daily Chart
Looks like an unfinished inverse H&S pattern, with a neckline @ 0.6435 - 0.6450.
4-Hour Chart.
Finished inverse H&S pattern, early October.
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