| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 71% | 72% | -0.7% |
| Shorts | 29% | 28% | 1.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The New Zealand Dollar declined by 188 basis points or 2.99% in value against the US Dollar on Thursday. The currency pair tested the lower boundary of a junior descending channel pattern during yesterday's trading session.
Everything being equal, the NZD/USD exchange rate will likely continue to trade bearish within this session. A possible breakout through the lower boundary of a descending channel pattern could occur.
However, if the support cluster at the 0.6150 area holds, the currency exchange rate could make a slight upside movement during the following trading session.