Kiwi made a very strong recovery, clearly in an impulsive price action from the recent 2025 lows at 0.55485, and this impulse suggests the pair has likely bottomed, especially with a decisive move above the 0.5854 bullish level which we see it as a first leg A/1. So, after a corrective retracement in wave B/2, which looks to be still in progress as a larger abc irregular flat correction that can retest 0.58 support area, we certainly expect much higher prices within wave C or 3, possibly even up to 0.62,  particularly as the daily chart shows a clean breakout from an ending diagonal. Alternatively, it may have formed a leading diagonal, but even this one suggests a corrective pullback before a bullish continuation.

The Kiwi is turning sharply down on the intraday basis after we spotted an abc rally into wave »b«, so impulsive wave »c« can be now in progress, especially if slips back below channel support line and 0.5947 level. It can actually drop the price down to 0.5850 – 0.5800 support area before we will see a bullish continuation. Early bulls could be back only if jumps back above 0.6055 level.