Positions | Today | Yesterday | % Change | |
Longs | 55% | 61% | -10.91% | |
Shorts | 45% | 39% | 13.33% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Buy | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇘ | ⇘ | ⇘ |
No significant changes were introduced to the NZD/USD exchange rate on Monday, as the New Zealand Dollar remained stable against the US Dollar and continue moving along the 55-hour simple moving average.
By the middle of Tuesday's trading session, the currency pair has tested the 100-hour SMA at 0.6754. Given that the pair has tested the moving average, bulls could target the next resistance which is the weekly pivot point.
Technical indicators on the 4H, daily, and weekly time frames flashes strong sell signals. This could suggest that the currency exchange rate might reverse from one of the aforementioned resistance levels within this session.