| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 72% | 67% | 7.3% |
| Shorts | 28% | 33% | -19.2% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
Downside risks have pressured the New Zealand Dollar versus the US Dollar since the beginning of May. The currency pair has depreciated about 1.22% in value during this short period.
From a theoretical point of view, it is likely that the exchange rate will continue its downward movement in the short-term. The possible target for the pair will be at the lower boundary of a downtrend channel.
Moreover, technical indicators demonstrate that the currency exchange rate will maintain the descending channel pattern during the following trading session.