| Positions | Today | Yesterday | % Change | |
| Longs | 58% | 62% | -6.90% | |
| Shorts | 42% | 38% | 9.52% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Sell | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Buy | Sell | Sell | |
| SAR (0.02; 0.2) | Buy | Buy | Sell | |
| Aggregate | ⇗ | ⇘ | ⇓ | |
The New Zealand Dollar was pressured by upside risks on Monday, thus resulting in a 49-pip appreciation against the US Dollar within one session.
The pair managed to test the upper channel boundary circa 0.6940 early today prior to pulling slightly back afterwards.
Given that this test confirmed the channel's northern barrier for the third time, it is expected that the Kiwi might continue respecting this pattern. Thus, a fall is a more likely option.
The New Zealand Dollar should try to approach the channel's bottom boundary located circa 0.69. The 55– and 100-hour SMA would be located nearby at the time to support the pair from further decline.
Meanwhile, the nearest resistance is set by the weekly R2 at 0.6972.