| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 56% | 55% | 1.6% |
| Shorts | 44% | 45% | -2.1% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The New Zealand Dollar declined by 39 pips or 0.54% against the US Dollar on Monday. The currency pair breached the 50– and 200– hour SMAs during yesterday's trading session.
A breakout occurred through the lower boundary of an ascending channel pattern during the London session on Tuesday.
Given that a breakout had occurred, bearish traders are likely to pressure the NZD/USD pair lower today.
However, the weekly pivot point at 0.7171 could provide support for the currency exchange rate within this session.