| Positions | Today | Yesterday | % Change | |
| Longs | 46% | 44% | 4.35% | |
| Shorts | 54% | 56% | -3.70% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Sell | Sell | Buy | |
| SAR (0.02; 0.2) | Sell | Sell | Buy | |
| Aggregate | ⇓ | ⇓ | ⇗ | |
The breakout of the senior channel early on Tuesday was followed by a fall down to the 0.7180 mark. This move has revealed the existence of a descending channel which was formed on September 20.
The slight motion sideways apparent since mid-Tuesday resulted from the pair failing to rise above the 0.7240 mark, thus maintaining a relatively narrow trading range. Technical indicators suggest that the Kiwi is likely to appreciate against the US Dollar in the upcoming hours and test the 55-hour SMA and the 23.6% Fibonacci retracement circa 0.7240. In addition, the rate should still edge higher in order to make a rebound from the bottom boundary of the senior channel.
In case of a strong momentum north, the rate could push up to the 100-hour SMA and the monthly PP near 0.7280.