| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 27% | 30% | -11.5% |
| Shorts | 73% | 70% | 4.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇘ | ⇗ | ⇗ |
The New Zealand Dollar has surged by 45 points or 0.69% against the US Dollar on since Monday's trading session. The currency pair bounced off the 50-, 100– and 200– hour SMAs at 0.6558 on Tuesday morning.
All things being equal, the NZD/USD exchange rate could continue to surge during the following trading session. Bullish traders could target the weekly resistance level at 0.6597.
A potential downside reverse could occur from the weekly resistance line, as mentioned above, before the end of today's session.