Positions | Today | Yesterday | % Change | |
Longs | 44% | 44% | 0.00% | |
Shorts | 56% | 56% | 0.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Neutral | Neutral | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇗ | ⇗ | ⇒ |
The bullish momentum has guided the New Zealand Dollar up against the US Dollar. By the middle of Monday's trading session, the currency pair has reached the 0.7305 mark.
The European session was dominated by bulls and bears. The NZD/USD exchange rate has formed a king's crown pattern which might suggest the pair could be set for a decline.
Two scenarios are likely to be in play during the following 24hrs. First, the currency exchange rate might fall further south until it finds support at a cluster set by the 55– and 100– hour SMAs near 0.7277. Second, a reverse from 0.7285 and return near the weekly R1 at 0.7331.