| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 67% | 74% | -10.4% |
| Shorts | 33% | 26% | 20.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Neutral | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
Downside momentum has pressured the New Zealand Dollar lower against the US Dollar since Friday's trading session. The currency pair has declined by 350 basis points or 5.51% in value during this short period. However, the Kiwi Dollar regained most of its lost points during the morning hours on Monday.
As for the near future, the NZD/USD currency pair will most likely continue to edge higher within the following trading session. The short-term target will be at the 0.6400 area.
On the other hand, the currency exchange rate could consolidate below the 0.6400 regions during the following trading hours.