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Mostly owing to U.S. dollar weakness, Kiwi proved to be impressively resilient amid market turmoil. It is currently down on the week only against the lowest of low yielders: euro, yen and franc.
Declining 2014 - 2015 trendline, reinforced by the broken September - December trendline and 200 DMA, remains the resistance level to watch. If it gives way, 0.69 - 0.70 will come into focus. 50 and 100 DMA are the immediate support levels ahead of 0.65 - 0.6550.
Declining 2014 - 2015 trendline, reinforced by the broken September - December trendline and 200 DMA, remains the resistance level to watch. If it gives way, 0.69 - 0.70 will come into focus. 50 and 100 DMA are the immediate support levels ahead of 0.65 - 0.6550.
