Positions | Today | Yesterday | % Change | |
Longs | 56% | 53% | 5.36% | |
Shorts | 44% | 47% | -6.82% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Sell | Neutral | |
Alligator (13; 8; 5) | Buy | Sell | Neutral | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇗ | ⇘ | ⇘ |
The New Zealand Dollar appreciated about 79 base points against the US Dollar on Wednesday. The currency pair breached a resistance cluster formed by the monthly and the weekly pivot points at 0.6795 during Wednesday's trading session.
However, after testing the resistance cluster as mentioned above, the exchange rate made a pullback towards the lower boundary of an ascending channel pattern at 0.6779.
Most likely, the currency exchange rate will aim for a support level formed by the 50– and 100-hour SMAs near the 0.6748 region during the following trading session.