| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 58% | 54% | 7.7% |
| Shorts | 42% | 46% | -10.7% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The New Zealand Dollar edged higher by 48 pips or 0.73% against the US Dollar on Tuesday. The currency pair tested the weekly pivot point at 0.6610 on Wednesday morning.
As for the following trading session, the NZD/USD exchange rate could continue to surge. A breakout through the upper line of a descending channel pattern might occur today.
However, the weekly PP at 0.6610 could still provide resistance for the currency exchange rate within this session.