| Positions | Today | Yesterday | % Change | |
| Longs | 56% | 56% | 0.00% | |
| Shorts | 44% | 44% | 0.00% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
| Alligator (13; 8; 5) | Sell | Sell | Sell | |
| SAR (0.02; 0.2) | Sell | Buy | Sell | |
| Aggregate | ⇘ | ⇒ | ⇘ | |
The New Zealand Dollar has been depreciating against the US Dollar in a descending channel pattern for the third consecutive trading session. The currency pair has already fallen 1.41% since the beginning of this week.
By the middle of Friday session, the 55– and 200-hour simple moving averages was providing a strong resistance for the exchange rate at 0.6780 and as a result, the pair breached the weekly S1.
Technical indicators flash sell signals on the four-hour time frame. Therefore, the bearish momentum is likely to continue to be in play within this session and potentially push the exchange rate to breakout from the descending channel.