With the fundamentals at play last week we saw some big movements across most pairs including the kiwi here. Due to how quick it climbed I'm expecting a nice drop to test our previous support level which is where I'm anticipating tenken sen being as well. If we can get that drawback and support hold with a good candle, I'll look to enter there to climb back to our structure highs. As an alternative, if we consolidate and move a little sideways here I will trade a break out of this current resistance level I've noted with a blue horizontal line. If we rise above that and either close or look strong, I'll enter a long that way. If either of those scenarios fail to take place, I'll consider this setup invalidated.
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