Positions | Today | Yesterday | Change |
Longs | 40% | 52% | -30.0% |
Shorts | 60% | 48% | 20.0% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Buy | Buy | Buy |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Neutral | Neutral | Neutral |
Alligator(13;8;5) | Neutral | Buy | Buy |
SAR(0.02;0.2) | Sell | Buy | Buy |
Aggregate | ⇒ | ⇗ | ⇗ |
Downside risks have dominated the New Zealand Dollar against the US Dollar since Wednesday's trading session. A breakout through the lower boundary of an ascending channel pattern at 0.6844 occurred during the Asian trading session on Thursday.
Given that a breakout had occurred, it is likely that the currency exchange rate will continue its decline within this session. The potential downside target will be near a support level at 0.6767.
However, technical indicators on the daily time frame demonstrate that an upside movement is likely to continue today.