By ForexMansion.com
The Kiwi dollar has broken the all-important 0.73 handle and bounced back to that level in the last couple of days. This is quite typical as support will need to be retested as resistance quite often. This however, leaves us with a bit of a question as to the future of this pair.
In the mean time, it is probably wise to see what Monday brings before placing a trade. A break above 0.7380 would be very bullish as it erases the plunge down through support. If this pair gets above there, it could be a massive show of strength. A break below the 0.72 handle would suggest that more selling is on the way.
