| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 59% | 64% | -9.0% |
| Shorts | 41% | 36% | 12.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Sell | Neutral | Buy |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The New Zealand Dollar has declined by 110 pips or 1.79% against the US Dollar since Tuesday's trading session. A breakout occurred through the lower boundary of an ascending channel pattern on Tuesday.
Given that a breakout had occurred, bearish traders could continue to pressure the currency pair lower within this session. The potential target for the NZD/USD exchange rate will be at the 0.5950 area.
Although, a support cluster formed by the 200– hour simple moving average and the weekly PP at 0.6005 could provide support for the currency exchange rate during the following trading session.