{"id":61302,"date":"2013-02-13T12:03:04","date_gmt":"2013-02-13T01:03:04","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2013\/02\/13\/kiwi-set-for-a-pullback\/"},"modified":"2013-02-13T12:03:04","modified_gmt":"2013-02-13T01:03:04","slug":"kiwi-set-for-a-pullback","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2013\/02\/13\/kiwi-set-for-a-pullback\/","title":{"rendered":"Kiwi Set For A Pullback"},"content":{"rendered":"<p>\n\tWith the Aussie dollar fairly stagnant in past months the stand-out regional currency has been the Kiwi, which has run hard against the US dollar (<span>NZDUSD<\/span>) and subsequently against the Aussie (<span>NZDAUD<\/span>). The Kiwi dollar (<span>NZDUSD<\/span>) is at 12-month highs but the rally appears to be running out of steam on a technical basis, according to the <span>TechWizard<\/span>.<\/p>\n<p>\n\tA second close reversal weekly bar has formed, which the Wiz explains results from a new intra-week high being reached but a weekly close below the second previous week&#039;s close, &quot;thus trapping longs with losses&quot;. If this is the case we are in for two to three weeks of Kiwi selling, he suggests.<\/p>\n<p>\n\tA daily close below US$0.83.00 could be the trigger.<br \/>\n\t&nbsp;<\/p>\n<p>\n\t<img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/images\/0,0,nzd.jpg\" style=\"width: 620px;height: 333px\" \/><br \/>\n\t&nbsp;<\/p>\n<p>\n\t<em>The <span>TechWizard<\/span> is the pseudonym of Scott Morrison, whose experience in financial markets exceeds twenty years. Morrison operates his own website nowadays at www.techwizard.com.au. All views expressed are the <span>TechWizard&#039;s<\/span>, not <span>FNArena&#039;s<\/span> (see our disclaimer).<\/em><\/p>\n<p>\n\t<em><strong>Technical limitations<\/strong><\/em><\/p>\n<p>\n\t<strong><span style=\"font-style: italic\">If you are reading this story through a third party distribution channel and you cannot see charts included<\/span>, we <span>apologise<\/span>, but technical limitations are to blame.<\/strong><\/p>\n<p>\n\t<em>Find out why FNArena subscribers like the service so much: &quot;<a href=\"http:\/\/www.fnarena.com\/index4.cfm?type=dsp_newsitem&amp;n=29EB960D-9DFF-C00E-7F6B464E5D52E250\">Your Feedback (Thank You)<\/a>&quot; &#8211; Warning this story contains unashamedly positive feedback on the service provided.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The TechWizard sees exhaustion for the solid run in the NZDUSD with two or three week&#8217;s of selling now in the offing.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[29],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/61302"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=61302"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/61302\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=61302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=61302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=61302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}