| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 35% | 30% | 14.2% |
| Shorts | 65% | 70% | -7.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
[ANNOUNCE]The New Zealand Dollar surged by 85 basis points or 1.19% against the US Dollar on Thursday. The surge was stopped by a resistance cluster at 0.7188 during yesterday's trading session.
[/ANNOUNCE]
As for the near future, the exchange rate is likely to continue to edge higher. Bullish traders could break the upper line of a descending channel pattern during today's trading session.
However, if the channel pattern holds, a decline towards the weekly support level at 0.7107 could be expected during the following session.