| Positions | Today | Yesterday | % Change | |
| Longs | 59% | 59% | 0.00% | |
| Shorts | 41% | 41% | 0.00% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Buy | |
| RSI (14) | Buy | Buy | Neutral | |
| Stochastic (5; 3; 3) | Buy | Neutral | Sell | |
| Alligator (13; 8; 5) | Sell | Sell | Neutral | |
| SAR (0.02; 0.2) | Sell | Sell | Sell | |
| Aggregate | ⇒ | ⇘ | ⇒ | |
The New Zealand fell to its five-month low of 0.6910 mid-Tuesday when investors started to react negatively to uncertainty that could be caused by the Labour coalition's policies. As a result, the lower boundary of the descending channel was slightly breached.
In case this sentiment is to prevail in the upcoming hours, the Kiwi should reach the junior channel circa 0.6890. Nevertheless, the rate is likely to recover its massive decrease in value dominating the market since last Thursday.
The closest resistance is formed by the 55-hour SMA and the monthly S2 near the 0.6980 mark. This level might not hold for long, thus the weekly PP and the 100-hour SMA circa 0.7030 could be regarded as a more probable upside barrier.