Overview:
The NZD/USD pair (kiwi dollar) will continue straight from 0.7780 (at H1 chart 23.6% of Fibonacci retracement levels, additionally it is probably going to form a double bottom). Therefore, the Kiwi is showing the signs of strength following the break of the highest level of 0.7780. So it will be a good sign to buy above the level of 23.6% of Fibonacci retracement levels at H1 chart (the double bottom) with a first target of 0.7865 and further to 0.7960 (it will act as a strong resistance for that it is going to be a good place to take profit, as well as it also should be noted that this level of taking profit will coincide at 78% of Fibonacci). However, in case the reversal takes place and the NZD/USD breaks through the support level of 0.7780, the market will lead to a further decline to 0.7690, in order to indicate a bearish market.
