Positions | Today | Yesterday | % Change | |
Longs | 50% | 51% | -2.00% | |
Shorts | 50% | 49% | 2.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Buy | Neutral | |
Alligator (13; 8; 5) | Neutral | Neutral | Neutral | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇒ | ⇒ | ⇒ |
The New Zealand Dollar traded below the 50-hour simple moving average at 0.6820 against the US Dollar on Monday.
However, the situation changed during the Asian session on Tuesday, as bullish momentum pushed the currency pair towards a resistance level formed by a traditional weekly pivot point at 0.6881.
After hitting the weekly R1 the exchange rate made a brief retracement down. Everything being equal, it is likely that the Kiwi aim at a support level set by the weekly PP at 0.6829 during the following trading session.