Positions | Today | Yesterday | % Change | |
Longs | 41% | 41% | 0.00% | |
Shorts | 59% | 59% | 0.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Buy | Neutral | Neutral | |
Alligator (13; 8; 5) | Neutral | Sell | Buy | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇒ | ⇘ | ⇗ |
The New Zealand Dollar managed to exit a consolidation period that characterised the pair's movement on Monday when the rate surged and passed through the 55– and 200-hour SMAs. The weekly S1 at 0.7229, however, proved to be strong resistance that limited further gains and might even confirm a reversal in the following trading hours.
The rate has approached the upper boundary of a descending channel valid since early August. The base scenario favours the rate approaching the 0.7210/20 area and reversing to the downside.
The weekly R1 at 0,7323 may hold the upper limit, while the 200-hour SMA or the weekly PP should function as a bottom barrier.