| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 26% | 32% | -22.9% |
| Shorts | 74% | 68% | 8.2% |
| 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 surged by 41 pips or 0.63% against the US Dollar on Monday. The currency pair tested the weekly resistance level at 0.6579 during yesterday's trading session.
Everything being equal, the NZD/USD exchange rate could continue to edge higher during the following trading session. The potential target for bullish traders would be at the 0.6600 level.
However, given that a breakout had occurred through the lower boundary of an ascending channel pattern, a decline towards the 100– hour simple moving average could be expected today.