Positions | Today | Yesterday | % Change | |
Longs | 55% | 55% | 0.00% | |
Shorts | 45% | 45% | 0.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Sell | Neutral | |
Alligator (13; 8; 5) | Buy | Neutral | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇗ | ⇒ | ⇘ |
Monday's trading session was relatively calm for the NZD/USD currency pair with the exchange rate trading in an extremely low volatility. The upside potential was limited by the weekly R1 at 0.7047.
If the resistance level holds today, it is more likely that the price movement falls lower during this session. However, the 55– or 100– hour simple moving averages might hinder the rate from falling even lower.
Everything being equal, it is likely that the currency exchange rate makes a corrective move south during the following trading session for a potential target toward the SMAs.