Positions | Today | Yesterday | % Change | |
Longs | 66% | 59% | 10.61% | |
Shorts | 34% | 41% | -20.59% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Buy | |
RSI (14) | Buy | Buy | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Sell | |
Alligator (13; 8; 5) | Sell | Sell | Neutral | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇘ | ⇘ | ⇒ |
NZD/USD was characterised by a lack of momentum during the past trading session, as the Kiwi remained near the bottom boundary of the descending channel.
This small volatility suggests that the rate might soon surge either direction. US Core Durable Goods released at 1230GMT caused some downward pressure in the market, thus sending the Kiwi lower.
Given that a breakout of the senior channel mid-yesterday has not yet followed by a rebound, this move could be realised in the upcoming trading session.
The upside is guarded by the 55-hour SMA circa 0.6930, while the bottom limit is set by the weekly S1 at 0.6847.