Positions | Today | Yesterday | % Change | |
Longs | 35% | 28% | 20.00% | |
Shorts | 65% | 72% | -10.77% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Sell | Sell | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇒ | ⇒ | ⇗ |
Even though there were no data releases that could have affected the NZD/USD pair, it unexpectedly surged by 55 basis points in second half of the preceding trading day. Therefore, the soar most probably represented a rebound from a combined support level formed by the 20-, 55- and 100-hour SMAs. An impulse given to the pair was strong enough to guide it though the weekly and monthly R1 at 0.7411 and 0.7436, accordingly. As a result, the currency rate has reached an upper boundary of the former ascending channel and updated a six month record at the 0.7442 level once again. Basically, there is a space for a further advance, but multiple technical indicators point out that the pair is overbought, which usually is a sign of an upcoming reverse.