| Positions | Today | Yesterday | % Change | |
| Longs | 62% | 63% | -1.61% | |
| Shorts | 38% | 37% | 2.63% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Sell | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Neutral | |
| Alligator (13; 8; 5) | Buy | Neutral | Sell | |
| SAR (0.02; 0.2) | Buy | Buy | Sell | |
| Aggregate | ⇗ | ⇒ | ⇘ | |
Upside risks prevailed in the market on Wednesday against the NZD/USD currency pair. Bull's dominance over the rate has resulted for the pair to breached the upper boundary of a downtrend channel.
However, after testing the resistance level formed by the aforementioned upper border of the descending channel pattern, the New Zealand Dollar began to decline against the US Dollar.
Given that the 55-, 100-, and 200-hour simple moving averages are located below the price, the upward momentum is likely to continue within the following trading session. In addition, technical indicators flash bullish signals.