Positions | Today | Yesterday | % Change | |
Longs | 43% | 42% | 2.33% | |
Shorts | 57% | 58% | -1.75% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Buy | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇘ | ⇓ | ⇗ |
On Friday morning Kiwi once more confirmed the support line of the most dominant pattern against the US Dollar. Moreover, the pair managed to break through the resistance of the 55-hour SMA at the 0.7220 mark.
It is most likely that until the speech of Janet Yellen in Jackson Hole at the central banker symposium the rate will continue to surge.
During that surge it is highly possible that the pair will reach the resistance of the monthly S1 at the 0.7246 level. Moreover, the monthly level of significance will be strengthened by the 100-hour simple moving average.