As we await tomorrow's CPI and Friday's Trade Balance the Kiwi Dollar finds itself conveniently below key resistance levels. Due to my analysis of the USD Index I suspect we will continue to see choppy range trading this week. However NZDUSD is now drifting towards the upper part of the 77-80c range, with bearish divergence and Candlesticks to suggest weakens up near these highs. The Hanging Man reversal 5 sessions ago was seen on particular high volume to suggest market participants offloading positions below resistance. Yesterday produced a Shooting Star Reversal which was also seen on higher volume. Whilst not ... (full story)