| Positions | Today | Yesterday | % Change | |
| Longs | 63% | 65% | -3.17% | |
| Shorts | 37% | 35% | 5.41% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Sell | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Sell | Sell | |
| Alligator (13; 8; 5) | Buy | Sell | Sell | |
| SAR (0.02; 0.2) | Buy | Sell | Sell | |
| Aggregate | ⇗ | ⇓ | ⇓ | |
Traders were reluctant to push the New Zealand Dollar past the psychological 0.69 mark on Thursday, thus allowing for the bearish sentiment to take over the market. The Kiwi was subsequently moving towards the lower channel boundary circa 0.6870 when the 55-hour SMA reversed the rate to the upside.
Given the steepness of the ascending channel, it is likely that the pair fails to reach its upper boundary one more time. The rate might still push up to the weekly R1 at 0.6911 but it should eventually edge lower.
In line with technical indicators, it is more likely that downside pressure prevails in this session and pushes the rate down to the 0.6850 area where the 200– and 100-hour SMAs are located.