Positions | Today | Yesterday | Change |
Longs | 51% | 47% | 7.8% |
Shorts | 49% | 53% | -8.2% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Sell | Sell | Buy |
RSI(14) | Sell | Neutral | Neutral |
Stochastic(5;3;3) | Neutral | Buy | Neutral |
Alligator(13;8;5) | Neutral | Sell | Buy |
SAR(0.02;0.2) | Buy | Sell | Buy |
Aggregate | ⇒ | ⇘ | ⇗ |
The New Zealand Dollar depreciated about 52 base points against the US Dollar on Monday. The currency pair breached the 50-hour simple moving average during yesterday's trading session.
The exchange rate breached the lower boundary of an ascending channel pattern during the middle of Tuesday's session.
Given that a breakout had occurred, it is likely that the currency exchange rate continues its decline today.
Although, a support cluster formed by the combination of the weekly and the monthly PPs near the 0.6821 area could hinder such decline.