| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 32% | 33% | -3.8% |
| Shorts | 68% | 67% | 1.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The New Zealand Dollar edged lower by 98 basis points or 1.36% against the US Dollar on Friday. The currency pair was pressured lower by the 200– hour simple moving average during Friday's trading session.
The NZD/USD exchange rate could continue to decline during the following trading session. A breakout through the lower boundary of a descending channel pattern could occur today.
However, if the channel pattern holds, the currency exchange rate could make a brief pullback towards the weekly pivot point at 0.7162 within the following session.