Positions | Today | Yesterday | Change |
Longs | 47% | 68% | -44.7% |
Shorts | 53% | 32% | 39.6% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Sell | Sell | Buy |
RSI(14) | Buy | Neutral | Neutral |
Stochastic(5;3;3) | Buy | Buy | Neutral |
Alligator(13;8;5) | Sell | Sell | Buy |
SAR(0.02;0.2) | Sell | Sell | Buy |
Aggregate | ⇒ | ⇘ | ⇗ |
The New Zealand Dollar depreciated about 50 base points against the US Dollar on Monday. The currency pair breached the 50-hour simple moving average during yesterday's trading session.
As for the near future, it is likely that the currency exchange rate will continue its movement in a medium-term descending channel pattern. Technical indicators suggest that the pair could target a support cluster formed by the weekly and the monthly PPs at 0.6683.
However, it is expected that the NZD/USD currency pair aim for the 50-hour simple moving average at 0.6745 in a short while.