Positions | Today | Yesterday | % Change | |
Longs | 26% | 30% | -15.38% | |
Shorts | 74% | 70% | 5.41% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Sell | |
Stochastic (5; 3; 3) | Neutral | Sell | Sell | |
Alligator (13; 8; 5) | Sell | Buy | Buy | |
SAR (0.02; 0.2) | Sell | Buy | Buy | |
Aggregate | ⇘ | ⇗ | ⇒ |
As described yesterday, the New Zealand Dollar began its descent against the US Dollar down to the combined support of the weekly S1 and monthly PP after breaking out of the medium term ascending channel. On its path the currency pair crossed the support of the 200-hour SMA. The passing of the support level resulted in a massive drop of the pair to the next support level. By the middle of Wednesday's trading session it could be observed that the currency pair has passed the just described support level near the 0.7425 mark. However, a drop of the rate did not occur. Due to that reason the high levels of late July were connected and a parallel channel line assigned to one of the most recent hourly lows. As a result the support line of a possible channel down pattern was discovered.