FX.co ★ Kiwi will try to test the 0.6462 level for Today Feb 05, 2020

At the 4 hour chart, we can see that the pair is likely to test the daily fair value gap main threshold at 0.6462. If this level holds the price movement, there is a potential for Kiwi to retrace and grow again to test 0.6499. However, such a scenario is unlikely to occur if the 0.6462 level cannot halt the down movement of NZD/USD. The bias for this pair is still bearish. It seems this pair will be in a bottom at March 2020 and if the pair breaks through 0.6462, the 0.6446 level will be the next target for Kiwi.

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