New Zealand Dollar Sell Off Tests Key Support

#12078
KnovaWave
Participant

Kiwi has a double bottom today and the low from Tuesday at 0.7166. From there it tested confluence, 100 hour MA at 0.7232, the high from yesterday at 0.72383 with the high 0.72387. Above is the 100 day MA at 0.7246 and the 200 hour MA at 0.7272. 

Pretty clear S&R

On the downside the 200 DMA is at 0.71483.