Positions | Today | Yesterday | % Change | |
Longs | 37% | 36% | 2.70% | |
Shorts | 63% | 64% | -1.59% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Sell | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇗ | ⇒ | ⇗ |
The New Zealand Dollar has passed the support of the previously active medium channel up pattern against the US Dollar. However, the currency exchange rate was not below Friday's trading session's levels.
That was due to the fact that during the middle of Monday's trading session, fundamental events caused the currency pair to surge upwards until it suddenly stopped.
Due to that reason another look was taken at the chart and a new detail was noticed.
By using the stopping level and the two previous high level, a resistance line can be spotted, which is likely to act as a resistance level until the end of this week.