By ForexMansion.com
The Kiwi dollar has been acting very bullish over the last several trading sessions, with today being no different. However, we are now at what would be considered the “line in the sand” at 0.7350. If the pair can climb as high as 0.7450, it will have cleared a major hurdle, and should retest the top of the former consolidation area at 0.7800. If the pair breaks below, and to lower lows than seen over the last two weeks, we could see a move down to 0.70, 0.65. or even 0.60 before it’s all over.
