| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 74% | 74% | -0.7% |
| Shorts | 26% | 26% | 1.9% |
| 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 | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇘ |
The New Zealand Dollar appreciated by 236 pips or 3.80% in value against the US Dollar on Monday. The currency pair tested a resistance cluster formed by the weekly R1 and the monthly R1 at 0.6434 during yesterday's trading session.
Currently, the exchange rate is testing a support cluster formed by the 50-, 100– and 200– hour SMAs at 0.6313.
If the support cluster holds, a surge towards the upper boundary of a descending channel pattern at 0.6434 could be expected today.
However, technical indicators suggest that the currency exchange rate could continue to edge lower within this session.