| Positions | Today | Yesterday | % Change | |
| Longs | 58% | 63% | -8.62% | |
| Shorts | 42% | 37% | 11.90% | |
| 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 | Sell | Sell | |
| Aggregate | ⇗ | ⇓ | ⇓ | |
For most of its session on Tuesday, the New Zealand Dollar was moving along the upper boundary of a breached descending channel.
Its trading range narrowed significantly later in the evening when pressure of the 55– and 200-hour SMAs squeezed the Kiwi between their bounds. The pair eventually broke out and tested this week's high of 0.6910.
It is likely that the rate tries to edge lower one more time during the evening. However, it faces a significant support cluster set by the 55-, 100– and 200-hour SMAs, the weekly and monthly PPs. One of these levels should work as an unbreakable barrier that allowed bulls to take the upper hand.
The nearest resistance is the distant weekly R1 at 0.6948. The Kiwi, however, is unlikely to push this high.