| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 54% | 65% | -20.6% |
| Shorts | 46% | 35% | 24.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇗ |
[ANNOUNCE]The New Zealand Dollar declined by 39 basis points or 0.61% in value against the US Dollar on Friday. The 50– hour simple moving average has continued to pressure the currency pair lower. [/ANNOUNCE]
The exchange rate is currently trading near the lower boundary of a descending channel pattern at 0.6457 and could be set for a breakout.
If the breakout occurs, the NZD/USD pair will most likely continue to trade bearish in the shorter term.
However, if the descending channel holds, a surge towards the 0.6504 could be expected today.