Positions | Today | Yesterday | % Change | |
Longs | 47% | 41% | 12.77% | |
Shorts | 53% | 59% | -11.32% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Neutral | |
Alligator (13; 8; 5) | Buy | Sell | Buy | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇗ | ⇓ | ⇗ |
After reaching the 0.7300 mark mid-Tuesday, the New Zealand Dollar gradually lost its value against the Greenback and failed to form another up-wave. The rate was stranded between the 200– and 55-hour SMAs for a few hours before the bearish sentiment eventually took the upper hand.
For the reason that the rate has surpassed all three SMAs, the closest bottom barrier is the relatively distant weekly S1 at 0.7178. Thus, there is a large gap of downside potential. The pair's movement within the last week demonstrates the existence of a broadening wedge whose bottom line circa 0.7210 may in fact hinder or even halt the current fall.