Positions | Today | Yesterday | % Change | |
Longs | 60% | 60% | 0.00% | |
Shorts | 40% | 40% | 0.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Buy | Neutral | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇗ | ⇒ | ⇘ |
No significant changes occurred in the positioning of the NZD/USD currency pair on Tuesday. Lack of outside pressure resulted in the rate to remain within a trading range. However, the price still managed to breakout out through the upper boundary of a dominant descending channel by the end of the session.
The New Zealand Dollar failing to pick up momentum during the previous session allows bearish sentiment to come into play during the morning hours of Wednesday's trading session.
Given that the currency exchange rate has breached the 50-hour simple moving average, the next targets for bears traders could be the 100-hour or the 200-hour SMAs during the following trading session.