Positions | Today | Yesterday | % Change | |
Longs | 40% | 45% | -12.50% | |
Shorts | 60% | 55% | 8.33% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Neutral | Buy | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇗ | ⇘ | ⇗ |
Following a short period of decline during the previous session, the New Zealand Dollar has managed to regain some of its lost positions on Tuesday. Gains, however, were limited due to the upper boundary of a dominance channel.
Technical indicators suggest another surge towards the distant monthly R1 and the weekly R2 near the 0.7377 mark during the next 24 hours.
Everything being equal, the Greenback is likely to continue accelerating against the Kiwi until its breach the upper boundary of a dominant channel. Meanwhile, traders should look for opportunities to trade if the resistance cluster holds.