Positions | Today | Yesterday | % Change | |
Longs | 60% | 69% | -15.00% | |
Shorts | 40% | 31% | 22.50% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Buy | Neutral | |
Stochastic (5; 3; 3) | Neutral | Buy | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇒ | ⇒ | ⇘ |
Monday's session did not introduce changes to the NZD/USD currency pair which was mainly due to resistance and support surrounding the rate. As a result, the New Zealand Dollar was trading sideways against the US Dollar.
By the middle of Tuesday's trading session, the 55-hour simple moving average has fallen below the price. This move could suggest that the trend of the market might be changing in the short term.
In case the 55-hour SMA remain below the price within this session, bulls are likely to push the currency exchange rate higher towards strong resistance cluster formed by the weekly pivot point and the 100-hour SMAs near 0.6639 within the following trading day.