Positions | Today | Yesterday | % Change | |
Longs | 60% | 54% | 10.00% | |
Shorts | 40% | 46% | -15.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Neutral | Buy | |
RSI (14) | Sell | Sell | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Buy | |
Alligator (13; 8; 5) | Buy | Sell | Sell | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇘ | ⇘ | ⇒ |
The New Zealand Dollar remained stable and gradually moving north against the US Dollar. During the middle of Friday's trading session, the exchange rate tested the upper boundary of a channel down.
Technical indicators flash bearish signals within this trading day. Meanwhile, the currency pair is located in the oversold zone. This might suggest a brief retracement south is possible today.
Moreover, in terms of the upside potential, the NZD/USD currency exchange rate could target a resistance formed by the 200– hour simple moving average.