Kiwi fell below 0.65 level and 61.8% retracement of the September 23th to October 15th upswing (~0.6490) yesterday. Slightly weaker inflation expectations report and anticipation of another weak dairy auction don't help it either.
If the pair stays below the above-mentioned levels, 0.6375 - 0.6400 may offer it some additional support. If the break proves to be fake, 0.6550 - 0.6600 will be the next resistance.
If the pair stays below the above-mentioned levels, 0.6375 - 0.6400 may offer it some additional support. If the break proves to be fake, 0.6550 - 0.6600 will be the next resistance.