The New Zealand Dollar continues to trade against the American Dollar in the medium term ascending channel. Apart from this, a rebound of the rate from the combined support of the 61.8% Fibonacci retracement level of the 2016 high and 2015 low levels at 0.6997 and the monthly R1 at 0.7001 formed additional short term ascending channel. Since the pair does not face any significant barriers on its way, it will most likely continue to move within boundaries of the junior channel. In case of a sudden breakout in the upward direction, the rate's surge should be constrained by the weekly R1 at 0.7124 and monthly R2 at 0.7136. If the rate suddenly drops, the fall should not go beyond the bottom trend line of the senior channel supported by the 61.8% Fibo.
| Level | Rationale | Indicator | 4H | 1D | 1W | |||
| R4 | 0.7124 | Weekly R1 | MACD (12; 26; 9) | Sell | Sell | Sell | ||
| R3 | 0.7098 | Trend line | RSI (14) | Neutral | Neutral | Neutral | ||
| R2 | 0.7090 | Trend line | Stochastic (5; 3; 3) | Sell | Sell | Sell | ||
| R1 | 0.7082 | Upper Bollinger Band | ADX (14) | Neutral | Neutral | Neutral | ||
| S1 | 0.7033 | Trend line | CCI (14) | Neutral | Neutral | Neutral | ||
| S2 | 0.7022 | Weekly PP | AROON (14) | Buy | Buy | Buy | ||
| S3 | 0.7015 | Bottom Bollinger Band | Alligator (13; 8; 5) | Buy | Buy | Sell | ||
| S4 | 0.7001 | Monthly R1 | SAR (0.02; 0.2) | Buy | Buy | Sell | ||
| Aggregate | → | → | ↘ |