| Positions | Today | Yesterday | % Change | |
| Longs | 57% | 59% | -3.51% | |
| Shorts | 43% | 41% | 4.65% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Neutral | Buy | |
| Alligator (13; 8; 5) | Sell | Sell | Neutral | |
| SAR (0.02; 0.2) | Buy | Sell | Sell | |
| Aggregate | ⇘ | ⇘ | ⇒ | |
Bullish sentiment dominated the NZD/USD currency pair on Thursday. The pair bounced off the lower boundary of a descending channel pattern at 0.6600 and had since gained about 110 base points.
The exchange rate is trading near the upper boundary of a downtrend line at 0.6689 and could be set for a breakout.
If this breakout occurs, the currency exchange rate will target a swing high of 0.6788.
However, a resistance line formed by the 200-hour SMA holds, the pair could make a brief retracement towards the 0.6651 area.