| Positions | Today | Yesterday | % Change | |
| Longs | 54% | 59% | -9.26% | |
| Shorts | 46% | 41% | 10.87% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Neutral | Neutral | |
| Alligator (13; 8; 5) | Neutral | Sell | Sell | |
| SAR (0.02; 0.2) | Buy | Sell | Buy | |
| Aggregate | ⇒ | ⇘ | ⇒ | |
Upside momentum dominated the NZD/USD currency pair on Tuesday. The Kiwi surged about 62 pips against the Greenback. The exchange rate tested the upper boundary of a descending channel during the Asian session on Wednesday.
However, after hitting the upper border of the descending channel at 0.6501, the currency pair made a U-turn south. Currently, the pair is trading near the 100-hour simple moving average at 0.6462.
Given that the currency exchange rate has returned to the two weeks descending channel, it is likely that the pair continues it southern journey during the following trading session. The potential target for the rate will be near the monthly pivot point at 0.6410.