Kiwi Dollar found bullish pressure on 0.55000 barrier and managed to target the resistance barrier at 0.58000. Price action further pushed but is facing massive resistance at the 0.60000 region. As of now, as long as price action remains below the 0.60000 barrier, the pair is likely going to find support towards the 0.58000, which was a previous resistance barrier turned into support. Price action may also likely go further down if it settles under the 0.58000 barrier.
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Disclaimer
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.