| Positions | Today | Yesterday | % Change | |
| Longs | 56% | 60% | -7.14% | |
| Shorts | 44% | 40% | 9.09% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Sell | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Sell | Neutral | |
| Alligator (13; 8; 5) | Neutral | Neutral | Sell | |
| SAR (0.02; 0.2) | Sell | Buy | Sell | |
| Aggregate | ⇒ | ⇒ | ⇘ | |
No changes occurred to the NZD/USD exchange rate on Wednesday as the pair traded with low volatility. However, the situation changed during the Asian session on Thursday when a bearish movement took control of the market.
This bearish sentiment resulted in the currency pair to breached the 50-, 100-, and 200-hour simple moving average. Moreover, the rate broke out through the lower boundary of an ascending channel.
Given that the currency exchange rate has broken the ascending channel and the monthly support level at 0.6659, traders should look for opportunities to trade the pair. However, It is advised to wait for a confirmation before taking a position.