| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 60% | 59% | 1.0% |
| Shorts | 40% | 41% | -1.4% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇘ | ⇒ |
The New Zealand Dollar has surged by 98 pips or 1.64% against the US Dollar since Friday's trading session. A breakout occurred through the upper boundary of a descending channel pattern on Monday morning.
Given that a breakout has occurred, bullish traders could continue to pressure the exchange rate higher within this session. The potential target for the NZD/USD pair would be at the weekly R1 at 0.6098.
However, the currency exchange rate could make a brief retracement towards the 0.6020 area during the following trading session.