| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 43% | 38% | 11.8% |
| Shorts | 57% | 62% | -8.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
The New Zealand Dollar declined by 62 basis points or 0.93% against the US Dollar on Tuesday. The currency pair tested the lower boundary of a descending channel pattern on Wednesday morning.
The exchange rate is currently trading near the bottom line of the channel pattern and could be set for a breakout.
If the breakout occurs, a decline towards the weekly S2 at 0.6505 could be expected within this session.
However, if the channel pattern holds, bulls are likely to pressure the currency exchange rate higher today.