Forex

The Kiwi Is Waking Up From The Strong SupportJan 27, 2025

We talked about the Kiwi back on December 17 2024, where we mentioned and highlighted strong support within an ABC corrective decline. We also pointed out that it can see a bullish reversal in 2025. CLICK HERE

As you can see now in January of 2025, the Kiwi a.k.a. NZDUSD is recovering out of a downward channel in the 4-hour chart that can mark end of a five-wave drop in (C). Additionally, with current break out of a base channel, seems like bottom/support is in place, so we should be aware of more upside, but in case if it’s forming a leading diagonal pattern, watch out for a short-term intraday pullback that can retest 0.5615 support level before we will see a bigger recovery.

The Kiwi Is Waking Up From The Strong Support NZDUSD 4H Chart
NZDUSD 4H Chart

The reason for the Kiwi recovery is coming from US Dollar weakness, where the index with ticker DXY may have found strong resistance within an ending diagonal/wedge pattern that indicates for a bearish reversal.

The Kiwi Is Waking Up From The Strong Support DXY 4H Chart
DXY 4H Chart

For a detailed view and more analysis like this, you may want to watch below our latest video analysis recorded on Saturday January 25 2025:

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