| Positions | Today | Yesterday | % Change | |
| Longs | 61% | 59% | 3.28% | |
| Shorts | 39% | 41% | -5.13% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Buy | Neutral | |
| Alligator (13; 8; 5) | Sell | Sell | Sell | |
| SAR (0.02; 0.2) | Buy | Sell | Sell | |
| Aggregate | ⇒ | ⇘ | ⇘ | |
The New Zealand Dollar continues its movement in a junior descending channel against the US Dollar. The 55-hour simple moving average guided the currency pair on Friday, as it provided a steep resistance level for the rate.
During the first half of Monday's trading session, the exchange rate breached the bottom border of a medium-scale triangle pattern.
Everything being equal, it is likely that the NZD/USD currency exchange rate continue trading in the downtrend narrow channel today. In addition, technical indicators suggest bears are could grow stronger within this session for a potential target at the monthly S1 near the 0.6720 mark.