@5ysfx: did you forget about possible rate cut on 9/10? Or do you think that it is allready reflected in rates? do you expect a rate cut at all? I reccon Pirin has a point...
We had bearish engulfment pattern on candlestick chart on Friday IMO. Going down or needs confirmation? Fibo 38,2 (from 7763 to 6820) did hold even it was tested big time. And if I look at Fibonacci arcs from that move I can see Kiwi tested ...
@ Pirin: How come you are so certain? Long term Fibo resistance? I am a newbie and I'd really like to learn, but I'm like: majbe resistance is here, but it could be there and so on... I see you are bearish (down to 6100), maybe the only one at the ...