Positions | Today | Yesterday | % Change | |
Longs | 54% | 49% | 9.26% | |
Shorts | 46% | 51% | -10.87% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Neutral | Neutral | Buy | |
RSI (14) | Sell | Sell | Neutral | |
Stochastic (5; 3; 3) | Buy | Buy | Buy | |
Alligator (13; 8; 5) | Buy | Sell | Sell | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇒ | ⇘ | ⇒ |
Bears continue their dominance over the NZD/USD currency pair. As shown on the chart, the exchange rate has breached both the monthly and the weekly pivot points near the 0.6929 area.
A strong resistance formed by the 55– hour simple moving average pressurized the Kiwi to decline further south. However, the decline has been stopped briefly by the weekly S2.
As for near future, the currency exchange rate is likely to continue to decline until it encounters a strong support set by the weekly PP at 0.6872. Meanwhile, technical indicators flash mixed signals.