| Positions | Today | Yesterday | % Change | |
| Longs | 32% | 33% | -3.13% | |
| Shorts | 68% | 67% | 1.47% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Neutral | |
| Alligator (13; 8; 5) | Sell | Neutral | Buy | |
| SAR (0.02; 0.2) | Buy | Sell | Buy | |
| Aggregate | ⇘ | ⇘ | ⇗ | |
In line with expectations, Kiwi continued to lose value against the American Dollar until the pair has reached a support at the 0.7258 level. Since the area below consisted of many loss trades and take profit orders, the currency rate made a successful rebound and started to surge towards the weekly PP at 0.7331.
At the moment, the pair is moving horizontally, being squeezed between the above support level from the bottom and a combination of the 55- and 100-hour SMAs and the monthly S1 from the top. The bearish market sentiment has increased by 1% since yesterday and now amounts to 68%. In addition, a summary of various technical indicators for the upcoming day also send strong sell signals.
This information might mean the pair is still fluctuating in a descending channel, while the little bugle on August 10 simply represents a correction after an announcement of the Official Cash Rate.