| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 60% | 62% | -4.2% |
| Shorts | 40% | 38% | 6.2% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Buy | Buy |
| Stochastic(5;3;3) | Buy | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
During the past 24 hours of trading, the New Zealand Dollar has surged by 381 pips or 6.93% in value against the US Dollar. The currency pair breached the 50– hour simple moving average at 0.5735 during the Asian trading session on Friday.
The exchange rate is currently testing a resistance cluster formed by the 100– hour SMA and the weekly resistance level at 0.5891.
If the cluster holds, the NZD/USD pair will most likely continue to trade south during the following trading session.
However, if the currency exchange rate breaks the resistance cluster, a surge towards the 200– hour SMA at 0.6044 could be expected today.