Positions | Today | Yesterday | % Change | |
Longs | 36% | 43% | -19.44% | |
Shorts | 64% | 57% | 10.94% | |
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 continues its gains against the US Dollar, as the currency exchange rate continues on its path in the ascending channel pattern, which formed only recently. However, the pattern might be broken. In favour of such a hypothesis is the fact that the pair has already twice failed to pass the first monthly resistance, which is located at the 0.72 mark. Although, a combined support of the weekly R1 and the lower trend line of the channel up pattern at the 0.7185 level might provide enough support to push the pair higher. In addition, if the 55-hour SMA, which by the middle of Wednesday's trading was located at the 0.7165 mark, moves higher, the currency exchange rate will have a much stronger support cluster.