| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 61% | 60% | 1.5% |
| Shorts | 40% | 40% | -2.2% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ` |
[ANNOUNCE]The New Zealand Dollar declined by 218 pips or 3.72% in value against the US Dollar on Friday. The currency pair breached the 50– hour simple moving average during Friday's trading session. [/ANNOUNCE]
Everything being equal, the exchange rate will most likely continue to decline until it reaches a support level formed by the weekly S1 at 0.5397.
If the weekly support level holds, the NZD/USD pair could make a brief upward movement in the short-term.
However, if the currency exchange rate breaks the support line, a decline towards the 0.5200 mark could be expected during the following trading session.