The dollar has been trailing low recently but recovered during the release of FOMC, however most traders are still bears on the dollar, till results come positive on the FED report in December. While the kiwi managed to show gains after the FOMC and stronger against the Dollar
The stochastic on D1 is on oversold area looking to turn going up, on H4 is about to exit the 50-20 area going up while on H1 is overbought. This shows more bulls have entered the trade after a strong support area on the WM1 pivot.
A possible reversal on price action is expected, with moving averages 5 and 8 crossing on H4 & H1 and 21 55MA converging on H1. If price action reveres and test previous resistance as support, a long position will be considered.




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