| Positions | Today | Yesterday | % Change | |
| Longs | 60% | 64% | -6.67% | |
| Shorts | 40% | 36% | 10.00% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Buy | Buy | Neutral | |
| Alligator (13; 8; 5) | Sell | Sell | Sell | |
| SAR (0.02; 0.2) | Sell | Sell | Sell | |
| Aggregate | ⇘ | ⇘ | ⇘ | |
Bearish momentum pushed the New Zealand Dollar towards the lower boundary of a medium-term ascending channel against the US Dollar on Friday. The currency pair was guided down by a narrow descending channel pattern.
The NZD/USD exchange rate re-tested the upper border of the narrow descending channel during the morning hours of Monday's trading session.
Technical indicators flash bearish signals on both the smaller and the larger time-frame. Therefore, the currency exchange rate could be pressure further south by the 50-hour simple moving average during the following trading session. The potential target for bear's traders in the short-term could be the weekly S1 at 0.6577.