Kiwi has been trading low on previous day showing weaker signs, but today the pair found support with CAD getting a boost in the rally of Crude Oil.
The stochastic on D1 is about to enter the oversold area and H1 just turned out of the oversold area while on H1 the stoch is between the 80-50 vertical scale going up failed to break the 50 area which shows a strong buy on the pair.
A possible reversal on price action is expected, a range has been spotted on H1 with price trying to break out. Signs of a possible change in trend are spotted on a lower time. If price action reveres and test previous resistance as support, a long position will be considered.