H4
The kiwi is probably recovering to short-term lines on 4H time frame. The trading inside Ichimoku Cloud is still ongoing. This morning bulls were very active and brought the pair rate towards Reference line (4) which formed resistance at 0.8250.
Obviously, in the nearest future we should expect a rebound from this level to the downside towards Pivot line as far as Dead Cross (5) is still relevant which is trying to change the mood to bearish one.
H1
On one hour time frame the kiwi is also trading inside Ichimoku Cloud where he found itself after yesterday’s recovery.
Today the growth accelerated and short-term lines supported it after forming Golden Cross (5).
Probably, during the day the rate will test the upper limit of the Cloud. However, Chinoky Span should reach the area of local overbought and turn the market to the downside towards short-term indicator lines.
Ichimoku parameters used for MetaTrader platform:
Tenkan-sen =12
Kidjun-sen =24
Senoku Span B = 120.
