| Positions | Today | Yesterday | % Change | |
| Longs | 66% | 65% | 1.52% | |
| Shorts | 34% | 35% | -2.94% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Sell | |
| RSI (14) | Neutral | Buy | Neutral | |
| Stochastic (5; 3; 3) | Sell | Neutral | Neutral | |
| Alligator (13; 8; 5) | Sell | Sell | Sell | |
| SAR (0.02; 0.2) | Buy | Sell | Sell | |
| Aggregate | ⇘ | ⇘ | ⇘ | |
The Kiwi was set for a minor appreciation against the US Dollar on Monday; however, sluggish fundamentals increased downside pressures on the Antipodean currency which fell 25 pips within the first hour today. Subsequently, the pair failed to breach the combined support of the 55– and 100-hour SMAs circa 0.6860.
Given slightly bearish technical indicators, the Kiwi might realise its downside potential and test the monthly S3 and the weekly S1 at 0.6807 and 0.6785, respectively.
Similarly to yesterday, the bottom channel boundary is unlikely to be breached. Meanwhile, the rate remains fluctuating around the 0.6860 mark for the third consecutive session. This lack of direction, however, is likely to change this week, most probably to the upside.