Positions | Today | Yesterday | % Change | |
Longs | 45% | 47% | -4.44% | |
Shorts | 55% | 53% | 3.64% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Neutral | Sell | |
Alligator (13; 8; 5) | Neutral | Sell | Buy | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇒ | ⇘ | ⇗ |
As expected, the New Zealand Dollar made a swing yesterday due to the US data release which was scheduled at 13:30 GMT on Wednesday as a result, the NZD/USD pair made an upside movement and breached the upper boundary of the newly-formed pattern.
However, the surge was limited by a resistance cluster set by the 200-hour simple moving average and the monthly pivot point at 0.7261.
Regarding near future, the currency exchange rate is likely to decline further until it finds the nearest support either at the 55– or the 100– hour SMAs.