Positions | Today | Yesterday | % Change | |
Longs | 55% | 49% | 10.91% | |
Shorts | 45% | 51% | -13.33% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Buy | Neutral | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇗ | ⇒ | ⇘ |
The price movement of the NZD/USD currency pair during the last one week has been guided by a medium-term channel. The exchange rate was supported by the 100– hour simple moving average at 0.69.
Two scenarios are possible in this situation. First, a breakout through the upper boundary should result in a short-term rally toward the 0.70 which is the monthly resistance level.
Second, the currency exchange rate might still diminish its trading range between the aforementioned support level until a new wave south prevail and start a long-term decline.