| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 29% | 29% | -0.5% |
| Shorts | 71% | 71% | 0.2% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Neutral | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
The New Zealand Dollar declined approximately 40 basis points or 0.54% against the US Dollar on Monday. The currency pair tested the lower boundary of a descending channel pattern during yesterday's trading session.
Everything being equal, the exchange rate could continue to decline during the following trading session. The possible target for the NZD/USD pair would be near the 0.7140 level.
However, the weekly S1 at 0.7153 could still provide support for the currency exchange rate within this session.