The Kiwi has been taken to the woodshed since March. Currently in a downtrend with a much steeper downtrend since July. This steep downtrends are much tougher to hold. Additionally, the 1.618 extension from the initial move is close. Could we see a pullback here? I'll be waiting for price action to tell me the story. Good Luck!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.