| Positions | Today | Yesterday | % Change | |
| Longs | 51% | 52% | -1.96% | |
| Shorts | 49% | 48% | 2.04% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Sell | |
| RSI (14) | Buy | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Buy | Buy | Neutral | |
| Alligator (13; 8; 5) | Sell | Neutral | Sell | |
| SAR (0.02; 0.2) | Sell | Sell | Sell | |
| Aggregate | ⇒ | ⇒ | ⇘ | |
The New Zealand Dollar has been depreciating significantly against the US Dollar since Yesterday. As a result, the currency pair has reached the lower boundary of a dominant ascending channel.
The bearish movement might continue to be in play during the following trading session. However, the decline has been temporarily stopped by the weekly pivot point at 0.6941 at the time of this analysis.
Meanwhile, traders should watch out for a corrective move north toward the weekly resistance level at 0.6988 within the next session. In the meantime, technical indicators stated otherwise. It suggests that bears are likely to grow stronger during the following day.