| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 59% | 55% | 7.8% |
| Shorts | 41% | 45% | -11.4% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇒ |
The New Zealand Dollar surged by 123 basis points or 2.08% against the US Dollar on Thursday. The currency pair breached the 50-, 100– and 200– hour SMAs during Thursday's trading session.
As for the near future, the NZD/USD exchange rate is likely to continue to trend bullish. The possible target for the pair would be at the upper boundary of a descending channel pattern at 0.6044.
However, technical indicators demonstrate that the currency exchange rate might edge lower during the following trading session.