| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 71% | 72% | -1.0% |
| Shorts | 29% | 28% | 2.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
[ANNOUNCE]The New Zealand Dollar surged by 53 pips or 0.83% in value against the US Dollar on Friday. The currency pair breached the 50– hour simple moving average during Friday's trading session. [/ANNOUNCE]
The exchange rate is currently trading near the lower boundary of a descending channel pattern at 0.6320 and could be set for a breakout.
If this breakout occurs, a decline towards the weekly support level at 0.6281 could be expected today.
However, if the descending channel holds, the currency exchange rate could make a brief upside movement within the following trading session.