The Kiwi Dollar chart looks interestingly placed with the RBNZ meeting scheduled for Thursday.
There are 3 things features of this chart that might interest potential buyers:
- It has just bounced off support for a third time
- In doing this, it has formed a potential double bottom pattern
- It is showing bullish divergence with the RSI indicator( the RSI is making higher lows while price was still making lower lows)
From here, a clear break through resistance would complete the double bottom pattern in a potentially bullish move.