| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 41% | 45% | -9.9% |
| Shorts | 59% | 55% | 6.8% |
| 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) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇒ | ⇒ |
The New Zealand Dollar rose by33 basis points or 0.50% against the US Dollar on Tuesday. The currency pair breached the 50– and 100– hour SMAs on Wednesday morning.
The exchange rate is currently trading near the upper boundary of a descending channel pattern at 0.6615.
If the channel pattern holds, bears might push the NZD/USD pair lower during the following trading session.
However, if the currency exchange rate breaks the descending channel pattern, a surge towards the 0.6662 level could be expected with this session.