Positions | Today | Yesterday | % Change | |
Longs | 59% | 58% | 1.69% | |
Shorts | 41% | 42% | -2.44% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Buy | |
Stochastic (5; 3; 3) | Neutral | Sell | Neutral | |
Alligator (13; 8; 5) | Buy | Sell | Sell | |
SAR (0.02; 0.2) | Sell | Buy | Sell | |
Aggregate | ⇒ | ⇘ | ⇘ |
As expected, the New Zealand Dollar made a correctional move south against the US Dollar. The exchange rate breached the 55-hour SMA and also, a breakout occurred through the lower boundary of an ascending channel.
By mid-Tuesday, the NZD/USD currency pair has tested the 100-hour simple moving average. The price is currently heading toward the 200-hour SMA near 0.6779 at the time of this analysis.
Meanwhile, if the support level set by the aforementioned simple moving average holds, the currency exchange rate is likely to make a U-turn north within the next trading hours.