Positions | Today | Yesterday | % Change | |
Longs | 40% | 38% | 5.00% | |
Shorts | 60% | 62% | -3.33% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Buy | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Sell | Sell | |
Alligator (13; 8; 5) | Sell | Neutral | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇘ | ⇒ | ⇗ |
The New Zealand Dollar has been depreciating in a descending channel against the US Dollar after it touched the upper boundary of the channel down on February 16.
The bearish movement might continue to be in play during the next trading session. However, the decline could encounter a support at the weekly pivot point at 0.7218.
As for near future, traders need to watch out for a likely breakout through the southern border. In addition, technical indicators suggest that bears dominance over the currency pair is likely to grow stronger.