The Kiwi is going down versus the greenback on the short term, even if the dollar index stays below the 94.00 psychological level. Price found resistance at the 0.7458 level and now could correct after the impressive rally.
Could decrease in the upcoming days after another failure to reach the warning line (WL3) of the former major ascending pitchfork. Has also failed to reach and retest the 0.7484 major static resistance, so a retreat towards the 0.7375 static support is favored on the short term.
Maintains a bullish perspective as long as is trading above the fourth warning line (WL4), a only a valid breakdown below this level will confirm a larger drop.
