The Kiwi dollar has formed a doji today, signaling a possible pause in this pair. While it hovers around this area, it should be noted that the 0.75 handle is retaining its form. Because of this, the level is becoming increasingly important in the pair, and we will have to stay afloat of it in order to keep moving higher. A break below the level could have us run to 0.73, which leads to 0.70 and below. A break of 0.7580 will attract fresh buying.
Written by ForexMansion.com