Positions | Today | Yesterday | % Change | |
Longs | 56% | 54% | 3.57% | |
Shorts | 44% | 46% | -4.55% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Neutral | Neutral | Sell | |
SAR (0.02; 0.2) | Sell | Buy | Sell | |
Aggregate | ⇒ | ⇒ | ⇘ |
Downside risks prevailed in the market on Thursday and thus sent the New Zealand Dollar to plummet against the US Dollar. This resulted in the exchange rate to breached the lower boundary of an ascending channel.
The decline of the NZD/USD currency pair continued on Friday and allowed the rate to dashed past the 55– and 100– hour simple moving averages. However, the 200– hour SMA could hinder the pair from falling lower.
As for near future, the currency exchange rate might make a corrective move north if and when the aforementioned support level formed by the 200– hour SMA at 0.70 holds.