| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 32% | 41% | -27.9% |
| Shorts | 68% | 59% | 13.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Sell | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The New Zealand Dollar has surged by 60 basis points or 0.92% against the US Dollar since Friday's trading session. The currency pair was guided up by the 50– hour simple moving average.
All thing being equal, the NZD/USD exchange rate will most likely continue to trend bullish within this session. Bulls could aim at the weekly resistance level at the 0.6580 area.
A potential downside reversal could occur from the weekly resistance line, as mentioned above during the following session.