| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 57% | 59% | -2.6% |
| Shorts | 43% | 41% | 3.4% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Sell |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
Downside risks have dominated the New Zealand Dollar against the US Dollar since yesterday's trading session. The exchange rate fell by 152 basis points or 2.48% on Wednesday.
All things being equal, the NZD/USD currency pair could continue to decline within this session. Bearish traders might target a support level formed by the weekly S1 at 0.5909.
On the other hand, the currency exchange rate could make a U-turn from the current price level at 0.5956 and aim for the 200– hour SMA at 0.6020 within this session.