| Positions | Today | Yesterday | % Change | |
| Longs | 48% | 52% | -8.33% | |
| Shorts | 52% | 48% | 7.69% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Buy | |
| RSI (14) | Neutral | Buy | Neutral | |
| Stochastic (5; 3; 3) | Sell | Neutral | Sell | |
| Alligator (13; 8; 5) | Sell | Sell | Buy | |
| SAR (0.02; 0.2) | Buy | Sell | Sell | |
| Aggregate | ⇘ | ⇘ | ⇒ | |
The New Zealand Dollar has failed to leave the 0.7060/0.7095 area for the third consecutive session. During the time, however, the pair has approached the upper boundary of a falling wedge.
Its failure to move below the four-month high indicates that the bearish sentiment could allay in the upcoming sessions and thus allow bulls to take the upper hand. The closest resistance is the 100-hour SMA and the challenging weekly S1. This level is likely to be surpassed in the following hours just to pave the way for a surge up to the 200-hour SMA at 0.7140.
If looking from a longer perspective, the bottom boundary of the medium-term descending channel has not yet been reached, demonstrating that a fall down to the 0.7030 should not be excluded.