Positions | Today | Yesterday | % Change | |
Longs | 56% | 54% | 3.57% | |
Shorts | 44% | 46% | -4.55% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Buy | Neutral | Sell | |
Alligator (13; 8; 5) | Neutral | Buy | Neutral | |
SAR (0.02; 0.2) | Sell | Buy | Buy | |
Aggregate | ⇒ | ⇗ | ⇒ |
Bears continue their dominance in the market for the NZD/USD currency pair. During the first part of Thursday's session, the exchange rate tested the 200-hour simple moving average at 0.6863.
If this support level formed by the 200-hour SMA holds, the pair could aim for a re-tests of the weekly R1 at 0.6932.
However, if the pair passes the support line, a potential breakout through the lower boundary of an ascending channel at 0.6843 is likely to occur.
Meanwhile, the US macroeconomic data releases schedule at 15:00GMT could change the overall positioning of the currency exchange rate.