| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 74% | 72% | 3.1% |
| Shorts | 26% | 28% | -9.0% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
Upside sentiment dominated the New Zealand Dollar versus the US Dollar on Monday. A breakout occurred through the upper boundary of a descending channel pattern at 0.6277 during yesterday's trading session.
Currently, the currency pair is testing a resistance cluster formed by the weekly pivot point and the 100– hour simple moving average at 0.6301.
If the resistance cluster holds, a decline is apparent within the following trading session.
However, if the pair breaks the cluster, as mentioned above, a surge towards the 200– hour SMA at 0.6337 could follow.