| Positions | Today | Yesterday | % Change | |
| Longs | 62% | 57% | 8.06% | |
| Shorts | 38% | 43% | -13.16% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
| Alligator (13; 8; 5) | Buy | Buy | Neutral | |
| SAR (0.02; 0.2) | Buy | Buy | Sell | |
| Aggregate | ⇗ | ⇗ | ⇘ | |
The New Zealand Dollar edged lower against the US Dollar on Monday. The decline was stopped by the 50-hour simple moving average at 0.6820 at the end of the previous trading session.
Technical indicators demonstrate that the currency exchange rate could continue to trade in a junior ascending channel pattern within this session.
If this upside sentiment continues today, a breakout through the upper boundary of a dominant descending channel is likely to occur.
Traders should look for opportunities to trade the currency pair if a resistance cluster at 0.6889 holds.