Positions | Today | Yesterday | % Change | |
Longs | 45% | 48% | -6.67% | |
Shorts | 55% | 52% | 5.45% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇘ | ⇘ | ⇘ |
The New Zealand Dollar spent Monday session moving sideways against the US Dollar. However, during the Asian trading session on Tuesday, a downside breakout occurred.
Given that a breakout had occurred, the NZD/USD currency pair might spend today trading south. Also, a resistance cluster formed by the 55-hour simple moving average and the weekly PP at 0.6899 has pushed the rate lower.
Technical indicators flash bearish signals; therefore, bears are likely to grow stronger during the following trading session for a potential target at the 0.6844 mark which is the weekly S1.