Positions | Today | Yesterday | % Change | |
Longs | 36% | 42% | -16.67% | |
Shorts | 64% | 58% | 9.37% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Buy | Sell | |
Alligator (13; 8; 5) | Neutral | Sell | Buy | |
SAR (0.02; 0.2) | Sell | Buy | Sell | |
Aggregate | ⇒ | ⇒ | ⇒ |
The steady sideways momentum that was driven the pair on Thursday, changed swiftly mid-session when the New Zealand Dollar breached the monthly PP at 0.7279 and plunged against the US Dollar. This downfall was restricted by the 200-hour SMA which consequently pushed the rate slightly higher.
This, however, was only a short-term correction that was followed by another decline. As a result, the pair was located at to the bottom channel boundary by mid-Thursday. Except for the given line, there is no other barriers limiting a decrease until the weekly S1 at 0.7163.
Nevertheless, the lower channel boundary is not expected to be breached, as technical indicators signal to a possible recovery. The Kiwi should therefore return near the 200-hour SMA and the 23.6% Fibo.