| Positions | Today | Yesterday | % Change | |
| Longs | 37% | 45% | -21.62% | |
| Shorts | 63% | 55% | 12.70% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Neutral | Buy | Buy | |
| SAR (0.02; 0.2) | Sell | Buy | Buy | |
| Aggregate | ⇘ | ⇗ | ⇗ | |
The New Zealand Dollar was fluctuating between the weekly PP and the 200-hour SMA on Friday. The latter was breached early in this session when the rate fell down to the weekly S1 at 0.7251.
The pair's movement since early Friday has confirmed the existence of a short-term descending channel. Technical indicators suggest that the pair could edge slightly lower down to the bottom boundary of the senior channel near 0.7250 in this session.
This scenario would demonstrate the prevalence of the senior formation that should guide the pair towards the upper channel boundary this week. Thus, the 200-, 55– and 100-hour SMAs, along with other resistance levels, are likely to be breached. This area, however, should provide hindrance.