| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 35% | 33% | 5.4% |
| Shorts | 65% | 67% | -3.0% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The New Zealand Dollar jumped by 73 basis points or 1.03% against the US Dollar on Wednesday. The currency pair breached the upper line of a descending channel pattern on Thursday morning.
Given that a breakout has occurred, the exchange rate could continue to edge up during the following trading session. The possible target for the NZD/USD pair would be near the 0.7240 area.
However, a resistance level at 0.7209 could provide a barrier for the currency exchange rate within Thursday's session.