Positions | Today | Yesterday | % Change | |
Longs | 36% | 36% | 0.00% | |
Shorts | 64% | 64% | 0.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Buy | Sell | |
Alligator (13; 8; 5) | Sell | Sell | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇘ | ⇒ | ⇒ |
The New Zealand Dollar was able to gain strength against the Greenback on Thursday and reverse circa 0.7190. This move was followed by a surge that surpassed the weekly PP and the 200-, 55– and 100-hour SMAs without any hindrance.
Following weak data on US Retail Sales at 1230GMT today, the rate swiftly shot up to the upper channel boundary and the 38.2% Fibo, but eventually settled at the monthly PP. The pair's movement during the last three weeks reveals a more senior channel up.
As the pair already tested the bottom channel boundary on September 14, the current upside movement might mark the formation of a new up-trend. Nevertheless, it is expected that the rate might still respect the junior channel in the short-term and therefore re-test the 100-hour SMA by mid-Monday.