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, forming a bullish hammer. For the short term, this pair could be volatile as we figure out what to do. However, this bar shows that there might be real strength underlying in the pair, and could be seen as a sign of things to come.
Overall, if we break above this bar, it means that we will probably see a retest of 0.78, and possibly a continuation of the bullish run this pair has been on for quite some time. A break below the weekly bar would signal a long-term selling spree.
