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We talked about the Kiwi back on December 17 2024, where we mentioned and highlighted strong support within an ABC corrective decline. We also pointed out that it can see a bullish reversal in 2025. CLICK HERE
As you can see now in January of 2025, the Kiwi a.k.a. NZDUSD is recovering out of a downward channel in the 4-hour chart that can mark end of a five-wave drop in (C). Additionally, with current break out of a base channel, seems like bottom/support is in place, so we should be aware of more upside, but in case if it’s forming a leading diagonal pattern, watch out for a short-term intraday pullback that can retest 0.5615 support level before we will see a bigger recovery.
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The reason for the Kiwi recovery is coming from US Dollar weakness, where the index with ticker DXY may have found strong resistance within an ending diagonal/wedge pattern that indicates for a bearish reversal.

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For a detailed view and more analysis like this, you may want to watch below our latest video analysis recorded on Saturday January 25 2025: