11 October 2016 at 14:04 GMT
Kiwi remains under pressure (also fundamental) after the formation of a morning star formation. Next resistance barrier is strong between 1.0707-1.0772. We have some bearish divergence on the 4-hour chart, so from a short term perspective, a failure and clear reversal candle in front of here would lead to a correction lower to 1.0529 and even 1.0428. However, a sustained drive through resistance earmarks a return to 1.1000 then 1.1250.