| Positions | Today | Yesterday | % Change | |
| Longs | 49% | 53% | -8.16% | |
| Shorts | 51% | 47% | 7.84% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Neutral | Neutral | Buy | |
| RSI (14) | Sell | Sell | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Buy | Buy | |
| Alligator (13; 8; 5) | Buy | Sell | Sell | |
| SAR (0.02; 0.2) | Sell | Sell | Sell | |
| Aggregate | ⇒ | ⇘ | ⇒ | |
The New Zealand Dollar has stopped its decline against the US Dollar. The pair reverse after reaching the lower boundary of a junior descending channel.
Given that the currency pair is moving toward the upper boundary of a downtrend line, a breakout is likely to occur within this session. If and when the breakout occurs, it could find a resistance level formed by the 55– hour simple moving average at 0.6992.
Everything being equal, it is likely that the NZD/USD currency exchange rate could continue moving north during the following trading session. In addition, technical indicators flash mixed signals.