Positions | Today | Yesterday | % Change | |
Longs | 55% | 59% | -7.27% | |
Shorts | 45% | 41% | 8.89% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Sell | |
Alligator (13; 8; 5) | Sell | Buy | Neutral | |
SAR (0.02; 0.2) | Sell | Buy | Buy | |
Aggregate | ⇘ | ⇗ | ⇒ |
The New Zealand Dollar began today's session with a strong bearish momentum against the US Dollar. The currency pair was pressured south by the 200-hour simple moving average and the weekly pivot point at 0.6894.
As for the near future, it is likely that the NZD/USD currency exchange rate continues its decline. From a technical point of view, the potential downside target will be near a support level at 0.6840.
However, the pair could reverse from current price level and aim for a re-tests of a resistance cluster at 0.6894 today.