| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 64% | 68% | -6.2% |
| Shorts | 36% | 32% | 10.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
The New Zealand Dollar appreciated about 40 basis points against the US Dollar on Tuesday. The currency pair tested the upper boundary if a descending channel pattern at 0.6360 during the previous trading session.
The 50– hour simple moving average could guide the exchange rate lower within this session. The NZD/USD pair will likely dash through a support level formed by the monthly S2 at 0.6320.
However, if the weekly S2, as mentioned above holds, a brief upside movement could follow during the following trading session.