Positions | Today | Yesterday | % Change | |
Longs | 37% | 39% | -5.41% | |
Shorts | 63% | 61% | 3.17% | |
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 | Sell | Buy | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇗ | ⇓ | ⇗ |
The New Zealand Dollar has extended its gains against the US Dollar. The currency pair breached both the Weekly R1 and the monthly R1 near 0.7277 during the early hours of Monday's session.
The 55-hour simple moving average has steered the NZD/USD exchange rate higher during the past few days, and the pair could be heading north for a test of the upper boundary of a dominant channel.
Technical indicators suggest bullish sentiment should continue dominating the currency exchange rate until it encounters resistance set by the weekly R2 at 0.7317.