| Positions | Today | Yesterday | % Change | |
| Longs | 61% | 58% | 4.92% | |
| Shorts | 39% | 42% | -7.69% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Sell | Sell | |
| Alligator (13; 8; 5) | Sell | Sell | Sell | |
| SAR (0.02; 0.2) | Sell | Buy | Sell | |
| Aggregate | ⇘ | ⇘ | ⇓ | |
Starting from early Wednesday, the bearish sentiment prevailed in the market and sent the New Zealand Dollar for a significant decline. Not even the combined support of the 55-, 200– and 100-hour SMAs and the weekly and monthly PPs circa 0.6880 could hinder this fall for long.
By mid-Thursday, the pair had already reached the weekly S1 and the bottom boundary of a four-week ascending channel. This move sent technical indicators in the strongly bearish area.
Even though some further decline is still possible for a couple of hours, the Kiwi should try appreciating against the US Dollar.
The upside target for the following 24 hours could be the aforementioned 0.6880 area.