Kiwi update: post Retail Sales.

Thurs 14th Aug

NZD Retail Sales data was stronger than expected and this should help to support the Kiwi. The Kiwi has broken back above a 4 week bear trend line and has also clawed its way back above a daily support trend line. Any close back above the daily 200 EMA would be bullish as well.

Kiwi4

The 4 hour Ichimoku Cloud is still above price but any close above this resistance would tie in with a close back above the daily 200 EMA and would also be bullish: 

Kiwi4hrCloud

A new TC signal is trying to form here as well.