| Positions | Today | Yesterday | % Change | |
| Longs | 48% | 49% | -2.08% | |
| Shorts | 52% | 51% | 1.92% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
| Alligator (13; 8; 5) | Neutral | Sell | Sell | |
| SAR (0.02; 0.2) | Buy | Buy | Sell | |
| Aggregate | ⇒ | ⇒ | ⇘ | |
The New Zealand Dollar has been depreciating in a descending channel against the US Dollar after the currency pair hit the upper boundary of a channel down on June 13.
However, the currency pair bounced off the lower boundary of the junior descending pattern on June 20 and has since gained more than 90-pips or 1.37%. Also, the rate has breached the up border of the channel.
As for near future, traders need to watch out for a likely breakout through the northern border. Nevertheless, technical indicators demonstrate that bulls might not be able to make such breakout today.