| Positions | Today | Yesterday | % Change | |
| Longs | 53% | 46% | 13.21% | |
| Shorts | 47% | 54% | -14.89% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Buy | |
| RSI (14) | Neutral | Buy | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
| Alligator (13; 8; 5) | Sell | Sell | Buy | |
| SAR (0.02; 0.2) | Buy | Sell | Sell | |
| Aggregate | ⇒ | ⇘ | ⇒ | |
The New Zealand Dollar continues to trade in a two-week descending channel against the US Dollar. The currency pair has breached both the 55– and the 100– hour SMAs.
As shown on the chart, the exchange rate tested the upper boundary of the channel down on Friday. After hitting the upper border of the pattern the NZD/USD currency exchange rate began to decline. However, the decline was stopped by the monthly pivot point at 0.7048.
A decline could be a possibility today, especially if the resistance level formed the 55—hour simple moving average is able to hold. The nearest support is the weekly S1 at 0.7011.