Pound Kiwi Interesting Outlook..

Pound Kiwi looking to reverse the trend amid COT report indication of the pair having more bears than bulls. The bullish move seemed to have been triggered by the positive Manufacturing PMI data. On daily and H4 the support at 1.7687 is holding and stoch is moving up and 21 7 55 EMA closing up showing the loosing of bearish momentum. H1 a reversal pattern has formed and at end of the Pivot point range and this is bulls territory. 200 EMA is flattening and also 21 & 55 EMA is getting closer, indicating a bearish momentum end. Looking to buy if 123 is confirmed on M15 or M5.

Daily Pound Kiwi

Support at 1.7687 is holding and stoch is moving up and 21 & 55 EMA closing up

H4 Pound Kiwi

support at 1.7687 is holding and stoch is moving up and 21 & 55 EMA closing up

H1 Pound Kiwi

Reversal pattern formed on Support.