The Dollar started strong during the Asian session and on to become weaker during the session with the dollar index on a ranging market, while the kiwi has been trading weak using the strength test.

The stochastic on D1 is between 50-20 area going up H4 just went out of the overbought area and on H1 the stoch just crossed the 50zone going down.

Price action is being trapped using Fibonacci retracements on H4. With the stochastic going out of the overbought area this might pull price action down due to the profit taking area and less bulls coming in. if price action retraces on H1 or H4 and test previous resistance as support on lower time frames 5min and 15min, a long position will be considered.




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