Positions | Today | Yesterday | % Change | |
Longs | 41% | 44% | -7.32% | |
Shorts | 59% | 56% | 5.08% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Buy | |
RSI (14) | Buy | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Sell | Sell | |
Alligator (13; 8; 5) | Sell | Sell | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇘ | ⇓ | ⇒ |
As the US fundamental data sets were released on Friday, the NZD/USD pair began to plummet. Although, the rate stopped at the lower trend line of a dominant channel down pattern.
In accordance with the pattern the rate should rebound. Although, the Kiwi is facing resistance from the weekly S2 at the 0.7074 level. Due to that reason one can expect that the currency exchange rate will remain flat until the end of this week's trading.
However, the fundamental change can actually force the pair into moving lower, not rebounding in the near future. Due to that this is a risky pair for the time being.