Positions | Today | Yesterday | Change |
Longs | 39% | 43% | -10.3% |
Shorts | 61% | 57% | 6.6% |
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) | Buy | Buy | Buy |
SAR(0.02;0.2) | Buy | Buy | Buy |
Aggregate | ⇗ | ⇗ | ⇗ |
The New Zealand Dollar appreciated about 48 base points against the US Dollar on Monday. The exchange rate breached a triangle-like formation pattern during the previous trading session.
The currency pair is currently testing the upper band of the triangle pattern at 0.6878.
Most likely, the NZD/USD exchange rate could edge lower towards a support cluster formed by the combination of the 50-, 100– and 200-hour SMAs near the 0.6849 area within this session.
Although, technical indicators suggest otherwise. Technical sentiment flash bullish signals today.