| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 33% | 35% | -4.5% |
| Shorts | 67% | 65% | 2.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | 0 | 0 | 0 |
| RSI(14) | 4H | 1D | 1W |
| Stochastic(5;3;3) | Buy | Buy | Buy |
| Alligator(13;8;5) | Sell | Neutral | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
The NZD/USD currency pair bounced off the lower boundary if an ascending channel pattern at 0.7140 on Tuesday. As a result, the New Zealand Dollar surged by 58 pips or 0.82% against the US Dollar during yesterday's trading session.
Currently, the exchange rate is trading near the upper line of the channel pattern and could be set for a breakout.
If the breakout occurs, a surge towards the 0.7300 area could be expected within this session.
However, if the ascending channel holds, the currency exchange rate is likely to make a retracement towards the 0.7184 today.