| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 71% | 73% | -2.6% |
| Shorts | 29% | 27% | 6.4% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The New Zealand Dollar traded against the US Dollar just as expected on Wednesday, as the currency pair breached a support cluster formed by the weekly S2 and the monthly S2, which is located at the 0.6380 area.
Given that the 50-, 100– and 200-hour SMAs are above the price level, and the exchange rate fell below the support cluster at 0.6383 regions, bearish traders could drive the NZD/USD currency pair towards the weekly S3 at 0.6350 within this session.
Moreover, technical indicators suggest that the currency exchange rate will edge lower during the following trading session.