Positions | Today | Yesterday | % Change | |
Longs | 59% | 61% | -3.39% | |
Shorts | 41% | 39% | 4.88% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Neutral | Sell | |
Alligator (13; 8; 5) | Neutral | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇒ | ⇘ | ⇓ |
As apparent on the chart, the New Zealand Dollar was guided entirely by the 100-hour SMA and the weekly PP during the last session. Apart from a minor false breakout, the rate remained within these two barriers since mid-Tuesday.
In addition, the Kiwi was testing the junior channel during the first half of Wednesday. However, the steepness of this pattern suggests that a breakout north should occur in the nearest time.
Given that the southern barrier is also reinforced by the 55-hour SMA, the rate might be reluctant to move past this are and thus push upwards. A possible upside target is the 200-hour SMA.
Conversely, there are no major levels liming the pair in case support is breached.