Looking at the Kiwi dollar, it is apparent that the 0.7350 level we pointed out as massive support held on Friday, as it printed a massive candle upward. Any break of Friday’s high is a buying opportunity towards a destination of 0.78, which was the top of consolidation. A break below the lows of the Friday bar at the 0.7340 range would be very bearish as we head down towards 0.70 and below. Of course, with the massive upward momentum, a long is preferred.
