Positions | Today | Yesterday | % Change | |
Longs | 53% | 55% | -3.77% | |
Shorts | 47% | 45% | 4.26% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Buy | Buy | Neutral | |
Stochastic (5; 3; 3) | Neutral | Buy | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇘ | ⇒ | ⇘ |
The NZD/USD exchange rate temporarily stopped its decline. By the middle of Tuesday's trading session, bulls managed to take control of the market. Even though the pair rallied yesterday, the junior descending channel pattern is still holding strong and the rate tested its upper boundary on Wednesday morning.
During this short period of bullish momentum, the pair breached the 55–, and 100– hour simple moving averages.
The overall market sentiment is bearish. Therefore, the currency exchange rate is likely to continue moving south within the next trading session. However, the rate has to surpass the support level form by the aforementioned SMAs.