Positions | Today | Yesterday | % Change | |
Longs | 58% | 53% | 8.62% | |
Shorts | 42% | 47% | -11.90% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Sell | Neutral | Buy | |
Stochastic (5; 3; 3) | Sell | Sell | Neutral | |
Alligator (13; 8; 5) | Buy | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇒ | ⇘ | ⇘ |
On Monday, the New Zealand Dollar continued to gain ground against the US Dollar. However, the surge was not caused by the strength of the NZD alone.
The surge had gained additional momentum on Friday, as the US employment data sets were released at 12:30 GMT. It was revealed that the US labor market is not booming as much as the markets had believed. Instead the growth was slower in June than expected. Due to that reason the US Dollar lost value against the rest of the market.
By the middle of the day's trading session, the pair had been stopped by the monthly PP at 0.6859. Although, it was expected that the resistance will be broken in the future.