| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 63% | 75% | -18.6% |
| Shorts | 37% | 25% | 31.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇗ |
The New Zealand Dollar declined by 61 pips or 0.95% in value against the US Dollar on Friday. The currency pair tested the lower boundary of a descending channel pattern at 0.6398 during Friday's trading session.
Given that the exchange rate is trading near the bottom border of the channel pattern, a breakout might occur within this session.
If the breakout occurs, a decline towards a support cluster formed by the weekly S1 and the monthly S1 at 0.6354 could be expected today.
However, if the descending channel pattern holds, the currency exchange rate could make a brief retracement towards the 0.6440 area within this session.