| Positions | Today | Yesterday | % Change | |
| Longs | 51% | 58% | -13.73% | |
| Shorts | 49% | 42% | 14.29% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Buy | Neutral | |
| Alligator (13; 8; 5) | Sell | Sell | Sell | |
| SAR (0.02; 0.2) | Sell | Buy | Sell | |
| Aggregate | ⇘ | ⇒ | ⇘ | |
The strong resistance of the 100-hour SMA and the weekly PP sent NZD/USD for a breakout of the medium-term ascending channel mid-Monday.
The Kiwi formed a brief rebound from its bottom boundary and subsequently fell 44 pips within a couple of hours. A slight recovery followed, as strongly bearish technical indicators put a downward pressure on the rate.
This upward movement is likely to persist for until the end of this session when the rate should test the upper boundary of the short-term descending channel circa 0.6890.
The Kiwi is expected to reverse again somewhere near this area, as the strong support of the 55-, 200– and 100-hour SMAs should reduce the ability of bulls to push the rate even higher.