Positions | Today | Yesterday | % Change | |
Longs | 36% | 35% | 2.78% | |
Shorts | 64% | 65% | -1.56% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Sell | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇗ | ⇒ | ⇗ |
The NZD/USD pair's previous encounter of the medium ascending channel pattern's lower trend line resulted in a surge. A surge which attempted to break past the resistance levels near the 0.7320 mark twice.
However, by the middle of Friday's trading session the currency pair had retreated below the weekly R1 at 0.73 and below the combined support of the 55 and 100-hour simple moving averages just below the 0.7290 mark.
Moreover, the pair was about to once more meet with the lower trend line of the medium pattern. If it passes the line, it is likely going to decline down to the 0.7260 mark. At that level a 61.80% Fibonacci retracement level was located.