Positions | Today | Yesterday | % Change | |
Longs | 61% | 51% | 16.39% | |
Shorts | 39% | 49% | -25.64% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Buy | Neutral | |
Stochastic (5; 3; 3) | Sell | Neutral | Sell | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇘ | ⇘ | ⇓ |
The Kiwi's direction during the past trading session was largely influenced by the 55-hour SMA that pushed the rate down to the 0.6790 mark.
This moving average, however, was breached during the day, thus leaving the rate in a narrow range between the given line from below and the 100-hour SMA and the weekly from above.
It is likely that the latter restricts the pair circa 0.6840, especially given the fact that the upper boundary of the junior channel is also located nearby. Subsequently, the New Zealand Dollar could be confined in the aforementioned range for some time until bears gather enough strength to push the pair below the 55-hour SMA. A continuous fall would be limited solely by the weekly and monthly S1s at 0.6740.