Positions | Today | Yesterday | % Change | |
Longs | 38% | 39% | -2.63% | |
Shorts | 62% | 61% | 1.61% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Sell | Sell | |
Alligator (13; 8; 5) | Sell | Buy | Buy | |
SAR (0.02; 0.2) | Sell | Buy | Buy | |
Aggregate | ⇘ | ⇗ | ⇗ |
The movement of the New Zealand Dollar on Thursday was guided mainly by SMAs. The rate breached both the 200-hour simple moving average and a support cluster set by the weekly and monthly PPs near 0.7277.
It is likely that the NZD/USD exchange rate could continue to diminish within the following trading session. However, this bearish momentum might be hindered by the border of a downtrend channel.
Technical indicators flash mixed signals. Nevertheless, it is expected for the currency pair to reverse north for a re-test of the aforementioned cluster.