| Positions | Today | Yesterday | % Change | |
| Longs | 46% | 47% | -2.17% | |
| Shorts | 54% | 53% | 1.85% | |
| 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 | Neutral | |
| SAR (0.02; 0.2) | Sell | Buy | Sell | |
| Aggregate | ⇓ | ⇘ | ⇒ | |
The New Zealand Dollar fell to its five-month low of 0.7020 against the Greenback on Thursday. This 143-pip fall was caused by the NZ First leader Winston Peters admitting to support a Labour-led government.
Such extreme fall should certainly be followed by a period of recovery. This upward movement could start in the upcoming hours following a test of the weekly S2 at 0.7003.
The main question is the scale of the expected appreciation. The nearest significant resistance level are the weekly and monthly S1s near the 0.7090 mark.
Given the strength of the plunge, it is likely that the Kiwi pushes even higher, possibly up to the 200-hour SMA at 0.7130.