| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 54% | 52% | 3.6% |
| Shorts | 46% | 48% | -4.2% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
The New Zealand Dollar has declined by 117 pips or 1.91% against the US Dollar since yesterday's trading session. A breakout occurred through the lower boundary of an ascending channel pattern during the Asian session on Wednesday.
Given that a breakout had occurred, the NZD/USD currency pair will most likely continue to decline within this session. Bearish traders could aim for the weekly support line at 0.5939.
Although, the currency exchange rate could make a brief retracement towards the 0.6060 area today before it continues the downward move.