Positions | Today | Yesterday | % Change | |
Longs | 59% | 49% | 16.95% | |
Shorts | 41% | 51% | -24.39% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Sell | |
RSI (14) | Neutral | Sell | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Buy | Buy | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇗ | ⇗ | ⇒ |
The New Zealand Dollar depreciated about 57 base points against the US Dollar on Monday. The decline was stopped by a support cluster formed by the weekly and the monthly PPs at 0.6827.
Everything being equal, it is likely that the currency exchange rate continues trading in a three-week ascending channel pattern during the following trading session.
Technical indicators the 4(H) and the daily time frames suggest that the NZD/USD currency pair could end today with a bullish momentum.
The potential target for the pair will be near the upper boundary of a triangle-likely formation at 0.6900.