Kiwi Opportunity

Good evening Forex Traders,

The Kiwi chart below is showing some interesting signs. The daily is portraying a bearish engulfing / tram track formation. In addition MACD is showing divergence - indications leading us towards believing that there may be a reversal/breather albeit temporary.














Upon examination of the slightly smaller timeframe you can see a potential 123786. The RN is close by as is trendline support. If not already in the trade, a couple of conservative entry approaches are still available depending on your risk acceptability and confluence criteria.














Good Trading!
Bijal Shah