| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 41% | 43% | -5.4% |
| Shorts | 59% | 57% | 3.7% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Neutral | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
The New Zealand Dollar has surged by 47 pips or 0.72% in value against the US Dollar since Thursday's trading session. A breakout occurred through the upper boundary of a descending channel pattern at 0.6618 on Friday morning.
Given that a breakout had occurred, the NZD/USD exchange rate could continue to edge higher. The potential target for the pair will be at the weekly R1 at 0.6654 within this session.
However, a resistance level formed by the monthly pivot point at the 0.6636 area could provide resistance for the currency exchange rate during the following trading session.