Positions | Today | Yesterday | % Change | |
Longs | 32% | 32% | 0.00% | |
Shorts | 68% | 68% | 0.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇓ | ⇓ | ⇗ |
Despite the 32-pips appreciation of the Greenback that was caused by a surprising release of information on the US Retail Sales, the currency rate managed to stay within an active descending channel. Basically, today the Kiwi has to try to restore some of the lost positions and, thus, climb at least to the 0.7279 level. After reaching that target, the rate is expected to make a rebound, because of the additional pressure exercised by the 55- and 100-hour SMAs.
A summary of technical indicators for the 5H and 1D timeframes support this scenario. However, there is a need to take into account a release of data on the US Building Permits, which, depending on the result, might accelerate the fall or help the pair to clear a path to the top.