| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 28% | 29% | -4.9% |
| Shorts | 72% | 71% | 1.9% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
The NZD/USD started the week's trading near the upper trend line of a wide channel down pattern. Short term forecasts were based upon whether or not the trend line provides resistance.
In the case of the trend line holding, the pair would look for support in the 50-hour simple moving average, which was located near the 0.7195 level. If the SMA fails to provide support and keep the rate up, a cluster of support levels near 0.7165 could be aimed at.
On the other hand, if the trend line is passed, the NZD/USD could reach for the weekly R1 simple pivot point at the 0.7237 level.