| Positions | Today | Yesterday | % Change | |
| Longs | 38% | 38% | 0.00% | |
| Shorts | 62% | 62% | 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 | Neutral | Buy | |
| SAR (0.02; 0.2) | Buy | Buy | Sell | |
| Aggregate | ⇗ | ⇒ | ⇒ | |
As expected, NZD/USD was trading sideways until early Wednesday. This lack of volatility changed considerably at 0600GMT when the Kiwi surged 55 pips in the first two minutes.
This strong momentum was supposedly caused by the latest election poll that showed the National Party standing at 46%, compared to its main rival—Labour—ahead of Saturday's general election. As a result, the rate managed to reach the upper channel boundary near the 0.7380 mark.
The rate might still edge higher until the 61.8% Fibo and the weekly R2 circa 0.74; however, the base scenario favours either a relatively flat movement between the weekly R1 and R2 or a breakout of the former, reinforced by the 50.0% Fibo, towards the 55-hour SMA at 0.7301.