| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 55% | 54% | 2.5% |
| Shorts | 45% | 46% | -3.1% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
The New Zealand Dollar declined by 104 pips or 1.71% against the US Dollar on Wednesday. The currency pair tested the lower boundary of a descending channel pattern on Thursday morning.
As for the near future, the NZD/USD exchange rate could continue trending bearish. A breakout through the lower boundary of the descending channel pattern could occur within this session.
However, if the descending channel holds, the currency exchange rate would make a brief upward move towards the monthly pivot point at 0.6048 during the following trading session.