Positions | Today | Yesterday | % Change | |
Longs | 29% | 34% | -17.24% | |
Shorts | 71% | 66% | 7.04% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Sell | |
RSI (14) | Sell | Sell | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇒ | ⇒ | ⇘ |
The New Zealand Dollar has managed to break through the resistance of the 23.60% Fibonacci retracement level, which is located at the 0.7221 mark, against the US Dollar. However, the pair was stopped by the upper trend line of the dominant pattern just below the 0.7230 level. Most likely, the currency exchange rate will continue to trade between the mentioned resistance levels and the support cluster below it. The Kiwi is supported against the Greenback by the combined support of the 55- and the 100-hour SMAs just above the 0.72 mark and the lower trend-line of a medium term rising wedge pattern. It is still expected that the currency pair may break the wedge and begin a medium-term decline.