| ` | Today | Yesterday | % Change | |
| Longs | 34% | 45% | -32.35% | |
| Shorts | 66% | 55% | 16.67% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Sell | |
| RSI (14) | Neutral | Sell | Neutral | |
| Stochastic (5; 3; 3) | Sell | Neutral | Sell | |
| Alligator (13; 8; 5) | Buy | Buy | Sell | |
| SAR (0.02; 0.2) | Buy | Buy | Buy | |
| Aggregate | ⇗ | ⇗ | ⇘ | |
Following a slight period of consolidation on Tuesday, the New Zealand Dollar was driven by strong upside risks today. The pair surged 1% during the first part of the session until the combined resistance of the weekly and monthly R1s near 0.7220 reversed the rate back south.
As apparent on the chart, the Kiwi also managed to reach the upper boundary of a descending channel which has prevailed since late May.
By and large, technical indicators suggest that the rate should push even higher within the following session. However, the aforementioned resistance levels might restrict solid gains.
It is more likely that the rate is pressured southwards until a support cluster set by the 55– and 100-hour SMAs and the 50.0% Fibo is reached near the 0.7170 mark.