| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 62% | 59% | 4.7% |
| Shorts | 38% | 41% | -7.7% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Sell | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇘ | ⇒ |
The New Zealand Dollar surged by 62 basis points or 1.02% against the US Dollar on Wednesday. A breakout occurred through the upper boundary of a dominant descending channel pattern during Thursday's trading session.
Given that a breakout had occurred, bullish traders would continue to pressure the exchange rate higher within this session. The possible target for the NZD/USD pair would be at 0.6185.
Although, the currency exchange rate is expected to make a brief pullback towards the 50– hour simple moving average at 0.6087 today.