| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 32% | 34% | -4.8% |
| Shorts | 68% | 66% | 2.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The New Zealand Dollar surged by 67 pips or 0.94% against the US Dollar on Friday. The currency pair breached the 50-, 100– and 200– hour SMAs during Friday's trading session.
All things being equal, the exchange rate is likely to continue to trend bullish during the following trading session. A breakout through the upper line of a descending channel pattern could occur.
However, if the channel pattern holds, the NZD/USD currency exchange rate would make a brief retracement towards the 0.7160 level in the short term.