Positions | Today | Yesterday | % Change | |
Longs | 55% | 53% | 3.64% | |
Shorts | 45% | 47% | -4.44% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Sell | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Sell | Buy | Sell | |
Aggregate | ⇘ | ⇒ | ⇓ |
The combined resistance of the 200– and 100-hour SMAs and the bottom channel line circa 0.6920 proved to be an unbreakable barrier for the New Zealand Dollar. As a result, bears took the upper hand and guided NZD/USD lower until the 0.6840 territory was reached mid-Thursday.
It started to become clear that the rate is unlikely to push up to the senior channel circa 0.6940; thus, its upper border was shifted slightly lower.
By and large, the Kiwi might still push slightly lower in the upcoming hours; however, it should hold its current positioning between the weekly S1 and S2 at 0.6873 and 0.6822, respectively.
Even if the rate reaches the former, likewise reinforced by the 55-hour SMA, the above norther barrier is likely to hold firm.