Commentary: Kiwi has simply exploded higher and is on the verge of taking out the December high at .7937. Our bearish bias was proved wrong but we are not comfortable adopting a bullish bias at the current juncture as the pair presses against resistance. One count treats the entire rally from .7365 as an ending diagonal -- which would be considered complete following a rally through .7937.
Strategy: Flat
Al Bawaba
