The Kiwi has bounced off on a long term resitance and looks severly overbought and will not continue it's way down.
This falls well in line with my DXY projections which will very soon reach 92 and continue onto 96 levels.
We've recently seen a pretty tasty sell off in the stock markets which might be a sign off a correction coming up.
My intial target are the 0.5500 levels but this has a lot more room to fall in my opinion so I will keep my eyes on when we reach those levels.
This falls well in line with my DXY projections which will very soon reach 92 and continue onto 96 levels.
We've recently seen a pretty tasty sell off in the stock markets which might be a sign off a correction coming up.
My intial target are the 0.5500 levels but this has a lot more room to fall in my opinion so I will keep my eyes on when we reach those levels.
Note
Monthly level stoch RSI looks to be on a course for a huge plummet Note
If you're considering taking this trade then please wait for a retracement back up before heading down again 
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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.
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.