| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 69% | 71% | -3.0% |
| Shorts | 31% | 29% | 6.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The New Zealand Dollar has been appreciating in a narrow ascending channel pattern against the US Dollar since the end of May. The currency pair re-tested the upper boundary of the channel pattern at 0.6666 during yesterday's trading session.
The 50-hour simple moving average is currently providing support for the exchange rate at 0.6619.
If the support line holds, a surge towards the 0.6680 mark could follow within this session.
However, if the NZD/USD pair passes the 50-hour SMA, bears could drag the rate towards the weekly R2 at 0.6597 in the short-term.