Positions | Today | Yesterday | % Change | |
Longs | 62% | 60% | 3.23% | |
Shorts | 38% | 40% | -5.26% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Buy | Neutral | Neutral | |
Stochastic (5; 3; 3) | Buy | Buy | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇒ | ⇘ | ⇘ |
Downside risks dominated the NZD/USD currency pair on Monday, thus allowing the pair to breach a medium-term descending channel.
Bearish momentum is expected to continue within this session, and the potential target for the currency exchange rate could be a support cluster formed by the weekly S2 and the monthly S1 near the 0.6480.
It is the unlikely case that some bullish pressure still prevails in the market, the New Zealand Dollar should not exceed the 55-hour SMA at the 0.6604 mark.