Positions | Today | Yesterday | Change |
---|---|---|---|
Longs | 57% | 55% | 4.0% |
Shorts | 43% | 45% | -5.3% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Sell | Sell | Sell |
RSI(14) | Neutral | Neutral | Buy |
Stochastic(5;3;3) | Neutral | Neutral | Buy |
Alligator(13;8;5) | Neutral | Sell | Sell |
SAR(0.02;0.2) | Buy | Sell | Sell |
Aggregate | ⇒ | ⇘ | ⇒ |
The New Zealand Dollar has surged by 162 pips or 2.83% in value against the US Dollar since yesterday's trading session. The currency pair breached the 200– hour simple moving average at 0.5859 on Wednesday.
As for the near future, the NZD/USD exchange rate could continue to slide higher until it reaches a resistance level formed by the monthly S2 at 0.6001.
If the monthly S2 holds, the currency exchange rate could make a brief pullback within this session.
However, if the pair breaks the resistance line, a surge towards the 0.6150 area could be expected today.