| Positions | Today | Yesterday | % Change | |
| Longs | 57% | 54% | 5.26% | |
| Shorts | 43% | 46% | -6.98% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Buy | |
| Alligator (13; 8; 5) | Buy | Neutral | Sell | |
| SAR (0.02; 0.2) | Buy | Buy | Sell | |
| Aggregate | ⇗ | ⇒ | ⇘ | |
The New Zealand Dollar has been a long time trading in a narrow channel up pattern against the US Dollar. However that is about to change.
The currency pair is approaching the upper trend line of a dominant channel up pattern near the 0.7060 mark. Most likely that resistance will be reached in the upcoming sessions.
However, during Thursday's trading the pair was in a retreat after reaching the resistance of the mentioned narrow pattern. The retreat is likely going to be stopped by the combined support of the weekly R3 and the lower trend line of the junior channel.