| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 74% | 71% | 4.2% |
| Shorts | 26% | 29% | -12.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The New Zealand Dollar bounced off the lower boundary of a junior descending channel at 0.6209 on Tuesday. As a result, the currency pair appreciated about 48 basis points.
The exchange rate made a U-turn down after hitting a resistance cluster formed by the monthly S1 and the 50– hour simple moving average at 0.6247 during the morning hours of Wednesday's trading session.
The NZD/USD currency pair will most likely continue to trade south within the following trading session. A potential breakout through the lower boundary of the junior descending channel pattern could occur today.