| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 75% | 71% | 4.9% |
| Shorts | 25% | 29% | -14.4% |
| 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) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The New Zealand Dollar appreciated by 33 basis points against the US Dollar during Monday's trading session. The currency pair has revealed a new junior descending channel pattern.
The junior descending channel will most likely guide the NZD/USD exchange rate lower today. Bearish traders could aim at a psychological support level at the 0.6260 area.
However, technical indicators suggest that the currency exchange rate might trade sideways within the next trading session.