| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 73% | 75% | -2.8% |
| Shorts | 27% | 25% | 7.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The 50– hour simple moving average pressured the New Zealand Dollar lower against the US Dollar on Tuesday. The currency pair declined by 168 basis points or 2.76% in value during yesterday's trading session.
The exchange rate is trading near the bottom border of a descending channel pattern at 0.5891 during the European session on Wednesday.
Most likely, a breakout could occur through the border of the descending channel pattern within this session.
However, if the channel pattern holds, the currency exchange rate could make a brief upside retracement towards the 50– hour SMA at 0.6005 today.