Positions | Today | Yesterday | % Change | |
Longs | 38% | 33% | 13.16% | |
Shorts | 62% | 67% | -8.06% | |
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 Kiwi continues to decline against the US Dollar, the pair has already lost more than 70 points by the end of the European trading session.
The NZD/USD pair has breached both the junior and the dominant channel to the downside by 13:00 GMT on Friday. Everything being equal, bears are likely to continue growing stronger until it finds support at the weekly pivot point level at the 0.7293 mark.
Meanwhile, the US non-farm payrolls and the average hourly earnings release was better than expected and caused the New Zealand Dollar to decline further south.