| Positions | Today | Yesterday | % Change | |
| Longs | 38% | 27% | 28.95% | |
| Shorts | 62% | 73% | -17.74% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Sell | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Sell | Sell | |
| Alligator (13; 8; 5) | Buy | Neutral | Buy | |
| SAR (0.02; 0.2) | Buy | Buy | Sell | |
| Aggregate | ⇗ | ⇒ | ⇒ | |
As expected, a cluster formed by the 55-, 100– and 200-hour SMAs succeeded at supporting the pair, thus ending the prolonged intraday plunge near the 0.7260 mark. The New Zealand Dollar has since re-gained strength and reached the 38.2% Fibonacci retracement.
The last four trading session demonstrate that the pair has formed a short-term ascending channel. However, given the steepness of this formation, it is not expected to last any longer. In case the rate failed to accelerate, the channel would show a change in sentiment.
Technical indicators suggest that the rate is likely to trade sideways for the following hours, as the combined support of the 38.2% Fibo and the 55-hour SMA might restrict the pair. Meanwhile, the upside is guarded by the weekly R1 and the 50.0% Fibo circa 0.7350.