| Positions | Today | Yesterday | % Change | |
| Longs | 38% | 36% | 5.26% | |
| Shorts | 62% | 64% | -3.23% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Sell | |
| RSI (14) | Sell | Sell | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Buy | Buy | Neutral | |
| SAR (0.02; 0.2) | Buy | Buy | Buy | |
| Aggregate | ⇒ | ⇒ | ⇒ | |
The Kiwi was driven by strong upside momentum on Thursday as a result of which it tested the 0.7270 mark late in the evening. This area coincides with the 61.80% Fibo retracement. This peak was followed by a correction southwards, strengthened by the US CPI and Retail Sales data published at 1330GMT.
From theoretical point of view, the Kiwi should approach the 50.0% Fibo retracement at 0.7170. However, the rate still faces the 55– and 100-hour SMAs that could limit sudden price declines.
Two scenarios are possible. First, the Kiwi might reverse from 0.7220 and return near the 61.80% Fibo. Second, a breakout of the 55-hour SMA could result in a test of the most senior and junior channels circa 0.7210.