| Positions | Today | Yesterday | % Change | |
| Longs | 43% | 41% | 4.65% | |
| Shorts | 57% | 59% | -3.51% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Sell | Sell | Buy | |
| SAR (0.02; 0.2) | Sell | Sell | Sell | |
| Aggregate | ⇓ | ⇓ | ⇒ | |
The pressure set by the 100– and 55-hour SMAs near the 0.7209 area was strong enough to halt any attempts to reach the upper channel boundary on Monday. As a result, the rate fell past the lower channel line and down to the weekly S1 at 0.7159.
The Kiwi has since returned back in the pattern, suggesting that this southern breakout could be a false one. Meanwhile, it is likely that the aforementioned resistance cluster is re-tested in the upcoming hours.
The rate's future direction is dependent on its ability to surpass this resistance. On the one hand, a positive outcome could move the rate towards the weekly PP or the 200-hour SMA at 0.7227 and 0.7237, respectively.
On the other hand, a failure to do so might set the New Zealand Dollar for a plunge back down to the weekly S1.