 On Monday, Saudi Arabia said it will cut oil production by an additional 1 million barrels per day. We found out that Italian industrial production fell by 28.4% in March. New Zealand business confidence rose in a preliminary May read. And Japan looked to lift emergency declaration in most regions. Welcome to the TICMEL Update, I'm Kana Danial, the founder of the Investiva Movement. Make sure to subscribe to the TICMEL YouTube channel and support us by liking and sharing this video with your forex trading friends. On Tuesday, we'll be looking at the US inflation rate, Australia's consumer confidence index, and New Zealand's rate decision. Today I'm looking at the Kiwi dollar pair, which appears to be in a pullback mode after breaking above the daily Ichimogo cloud last week, while the future cloud appears bullish. The 50% of Naju Tracement level of 0.61 is acting as a strong resistance, depending on the rate decision results. On Tuesday, the pair can secure its new trend. If it's able to break above their resistance level, then the bullish trend is confirmed and we could see further gains towards 0.6259. Do you think the US dollar will start getting weaker to make this happen? Head over to the comments section and let me know. Of course, trading in the financial markets involves a risk of loss and you should only trade the money that you can afford to lose. If you liked this video, give it a thumbs up and subscribe to the TICMEL YouTube channel. I'll get back to you with more updates tomorrow.