| Positions | Today | Yesterday | % Change | |
| Longs | 55% | 58% | -5.45% | |
| Shorts | 45% | 42% | 6.67% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Sell | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Buy | Sell | Sell | |
| SAR (0.02; 0.2) | Buy | Buy | Sell | |
| Aggregate | ⇗ | ⇘ | ⇓ | |
The New Zealand was driven primarily by downside risks on Tuesday as a result of which it fell back down to the lower channel boundary circa 0.6890. The pair subsequently initiated a new wave up until the strong resistance of the weekly R1 reversed the pair back south.
It is likely that the bearish sentiment continues to dominate during the following hours, as shown by the rate's swift reversal near 0.6920. The downside target is the weekly PP and the 200-hour SMA circa 0.6860. In case the rate reverses near this mark, a new channel down could be confirmed.
Meanwhile, two important fundamentals are scheduled for the following 24 hours, namely, the testimony of the Fed Chair Yellen at 1500GMT and New Zealand's ANZ Business Confidence at 0030GMT early on Thursday.