Positions | Today | Yesterday | Change |
---|---|---|---|
Longs | 37% | 45% | -21.0% |
Shorts | 63% | 55% | 12.5% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Sell | Sell | Buy |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Neutral | Neutral | Neutral |
Alligator(13;8;5) | Sell | Sell | Buy |
SAR(0.02;0.2) | Buy | Buy | Sell |
Aggregate | ⇒ | ⇒ | ⇒ |
The New Zealand Dollar rose by 28 pips or 0.42% against the US Dollar on Friday. The currency pair tested the upper line of a descending channel pattern at 0.6623 on Monday morning.
If the descending channel holds, bears could pressure the NZD/USD exchange rate lower during the following trading session. Bearish traders could target the 0.658 level.
However, if the currency exchange rate breaks the channel pattern, a surge towards the weekly R1 at 0.6662 could be expected today.