| Positions | Today | Yesterday | % Change | |
| Longs | 51% | 61% | -19.61% | |
| Shorts | 49% | 39% | 20.41% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Sell | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Buy | Neutral | |
| Alligator (13; 8; 5) | Buy | Sell | Sell | |
| SAR (0.02; 0.2) | Buy | Sell | Sell | |
| Aggregate | ⇗ | ⇘ | ⇘ | |
The New Zealand Dollar continues to trade in an ascending channel formed on October 25. After testing its upper boundary early on Tuesday, the rate began a new wave down. This movement, however, was disrupted by the weekly PP that reversed the rate slightly below the 0.69 mark.
The Kiwi was testing the 55– and 100-hour SMAs for several hours, but eventually gained momentum to pushed even higher.
It should be noted that the Reserve Bank of New Zealand is to publish its rate statement, as well as conduct a press conference at 2000GMT and 2100GMT, respectively. These fundamental events are likely to shake the market in either direction.
The channel boundaries are not located nearby. Thus, it is likely that the pair remains in its bounds after the initial reaction has allayed.