| Positions | Today | Yesterday | % Change | |
| Longs | 51% | 60% | -17.65% | |
| Shorts | 49% | 40% | 18.37% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Sell | |
| RSI (14) | Neutral | Buy | Neutral | |
| Stochastic (5; 3; 3) | Sell | Neutral | Sell | |
| Alligator (13; 8; 5) | Sell | Sell | Sell | |
| SAR (0.02; 0.2) | Buy | Sell | Sell | |
| Aggregate | ⇘ | ⇘ | ⇓ | |
The Kiwi has shown solid recovery against the Greenback since mid-Friday. The rate bounced off the junior channel near the 0.6780 mark and initiated a new wave up. This strong bullish momentum left it near the 55-hour SMA at 1200GMT on Monday.
The northern barrier is restricted by the 55– and 100-hour SMAs and the weekly PP. This factor might make bears more confident in the result of which the Kiwi is expected to lose some of its daily gains.
Technical indicators are likewise flashing bearish signals. The nearest support that could restrict a possible decline in price is formed by the distant weekly and monthly S1s at 0.6740.
On the other hand, in case upside risks take the upper hand, the pair might push until the 0.6860 area where the upper boundaries of both channels are located.