| Positions | Today | Yesterday | % Change | |
| Longs | 65% | 63% | 3.08% | |
| Shorts | 35% | 37% | -5.71% | |
| 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) | Sell | Sell | Buy | |
| Aggregate | ⇘ | ⇘ | ⇒ | |
The New Zealand Dollar depreciated about 45 base points against the US Dollar on Tuesday. The downside movement was constrained by a one-week descending channel pattern.
By the middle of the European session on Wednesday, the currency pair was trading near the lower boundary of a medium-term descending channel at 0.6517.
A breakout from this support level is likely to occur within this session. If this breakout occurs, the next that for the rate will be near the monthly S2 at the 0.6542 mark.
In addition, technical indicators support bearish sentiment to continue today.