| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 71% | 69% | 3.5% |
| Shorts | 29% | 31% | -8.7% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
After the NZD/USD currency pair tested the weekly R1 at 0.6436 on Thursday, the New Zealand Dollar made a U-turn south against the US Dollar. As a result, the pair depreciated about 38 basis points.
As for the near future, bulls will likely guide the currency exchange rate higher. The potential target for bullish traders would be near a psychological level at the 0.6450 area.
Although, a resistance level formed by the weekly R1 at 0.6436 might continue to provide resistance for the rate in the nearest future.