| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 56% | 55% | 1.4% |
| Shorts | 44% | 45% | -1.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇗ |
The New Zealand Dollar surged by 73 pips or 1.03% against the US Dollar on Tuesday. The currency pair breached the upper boundary of a descending channel pattern during Tuesday's trading session.
Everything being equal, the exchange rate could continue to decline in a descending channel pattern today. The potential target for the NZD/USD pair will be near the weekly S1 at 0.7069.
However, given that the currency exchange rate is currently trading near the upper line of the channel pattern, a breakout could occur within this session.