| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 48% | 55% | -15.3% |
| Shorts | 52% | 45% | 13.9% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇘ |
The New Zealand Dollar appreciated about 50 base points against the US Dollar on Thursday. The currency pair breached the 50.00% Fibonacci retracement level during yesterday's trading session.
The exchange rate is currently testing a resistance level formed by the 50-hour simple moving average at 0.6566.
If this resistance level holds, the currency exchange rate could aim for the 61.80% Fibonacci retracement level at 0.6607 within this session.
However, if the pair passes the 50-hour SMA, a decline towards the 23.6% Fibo could be the next target for bearish traders.