Focusing on the Kiwi Forecast this week
Daily - Market is sideways. Stochastics oversold. AUD/USD broken my resistance at MMP 0.7786. Price is at 07879 coming from MM3 0.8083 as it pullback. 21/55 and 8/5. Price and Market shows bullish trend as it just touched 21 EMA, expecting the trend to continue on a bullish trend or possibly retest my previous resistance as my support. 21/55 Price indicators above 200EMA.
AUD/USD H1 14-AUG 2017
H1 – 21/55 just crossed and 8/5. Price and Market shows range trend. Price is on support at DS1 0.7852, looking towards my target at DR1 0,7922.