| Positions | Today | Yesterday | % Change | |
| Longs | 41% | 41% | 0.00% | |
| Shorts | 59% | 59% | 0.00% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Sell | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Buy | Sell | Buy | |
| SAR (0.02; 0.2) | Sell | Sell | Buy | |
| Aggregate | ⇒ | ⇓ | ⇗ | |
The New Zealand Dollar was pressured by a downside risk yesterday. As a result, the NZD/USD exchange rate breached the lower boundary of a junior ascending channel.
A strong resistance cluster set by the monthly pivot point and the 55– hour simple moving average near 0.7279 sent the price movement further south. However, this decline could find support at the 200-hour SMA at 0.7237.
In the meantime, the currency exchange rate is likely to continue its bearish movement until it encounters support either at the aforementioned SMA or the weekly PP at 0.7222.