Positions | Today | Yesterday | % Change | |
Longs | 37% | 40% | -8.11% | |
Shorts | 63% | 60% | 4.76% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇗ | ⇗ | ⇗ |
Bulls continue their dominance over the NZD/USD pair. The currency pair bounced off the lower boundary of a channel up on March 1 and has since maintained a dominant ascending pattern.
The rate was guided up by the 55-hour simple moving average. During the end of the European trading session on Tuesday, the pair tested the upper boundary of the dominant channel.
Technical indicators are in favour of strong bullish movement within the next 24 hours. Although, some downside potential still could be possible. It is likely that the Kiwi might breach the 55 –hour SMA.