Daily

The kiwi was descending during the last two weeks against the greenback. As the result, the quote has fixed below the correctional level 50.0% - 0.7962 of Fibonacci. The decline may continue towards correctional level 0f 38.2% - 0.7842. Bullish candlestick formation may reverse the pair to the good of NZD. If the quotes fix above the correctional level of 50.0%, a stronger growth is expected while if the pair holds below 38.2%, it will push the currencies down towards 23.6% - 0.7695.

4h

Having fixed at 61.8% - 0.7935 of Fibonacci, the quotes can make a swing and rebound towards the correctional level of 76.4% - 0.8049. Two bullish formations (Harami and Morning Star) were formed and they may help the pair to make the reverse. If bearish candlestick pattern is formed, the pair may fall towards correctional level of 61.8% - 0.7935. If the rate fixes below the correctional level of 61.8%, the pair will get a great opportunity to continue its descending move on the both of charts towards correctional level of 50.0% - 0.7844 Fibonacci.