Kiwi faces strong resistance around 0.68,good to sell on rallies

Kiwi has once again recovered till 0.6790 and started to retreat from that level. Overall trend is till weak as long as resistance 0.6800 holds.

On the higher side any break above 0.6800 will take the pair to next level 0.6820/0.6860 level.

The pair's major support is around 0.6750 and any break below will drag the pair to 0.6720/0.6675 level.

It is good to sell on rallies around 0.6760-65 with SL around 0.6805 the TP of 0.6700/0.6650