Positions | Today | Yesterday | % Change | |
Longs | 60% | 58% | 3.33% | |
Shorts | 40% | 42% | -5.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Buy | |
Alligator (13; 8; 5) | Buy | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇗ | ⇒ | ⇘ |
The previously drawn junior pattern guided the surge of the NZD/USD only for a short time. The rate passed the support of the junior ascending channel after making a second attempt.
Afterwards the following decline was stopped by the strong support cluster near the 0.6920 mark. By the middle of Friday's trading session the currency rate was still located at the mentioned support level. Moreover, the support cluster was about to be strengthened by the 200-hour SMA, which was approaching from the downside near the 0.6910 mark.
Most likely the support will hold the ground until it reaches the dominant resistance line during the first half of next week.