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The Kiwi halted its four-day's of consecutive gains, was rejected at day's high by 0.6734 and has edged lower to currently trade at 0.6668.
- Risk-off trades persisting in full swing as global equities and oil continue to fall, weighing on the kiwi.
- The pair has slipped below 200-DMA at 0.6694 which is now strong resistance on the upside ahead of cloud top at 0.6727.
- Supports on the downside lie at 0.6645 (5-DMA) and then at 0.6614 (10-DMA), breaks below could see the pair at 0.6563 (Feb 9th lows).
Recommendation: Good to sell rallies around 0.6685, SL: 0.6730, TP: 0.6614/0.66/0.6565
