Positions | Today | Yesterday | % Change | |
Longs | 47% | 45% | 4.26% | |
Shorts | 53% | 55% | -3.77% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Sell | |
RSI (14) | Sell | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Buy | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇒ | ⇑ | ⇘ |
The US Dollar has weakened against major currencies in this session, and the New Zealand Dollar is not an exception.
After fluctuating between the monthly PP and the 38.20% Fibonacci retracement during the second half of Wednesday, the Kiwi breached the latter, also reinforced by the monthly R1 at 0.7083, and pushed up to the 0.71 mark.
Taking into account the pair's steep upward momentum during the past days, it is likely that the same situation continues until the end of this week.
The nearest resistance levels are the monthly R2 and R3 at 0.7104 and 0.7130, respectively. In case the bearish scenario occurs, the Kiwi should not fall below the 0.7050 mark where the 55-hour SMA and the monthly PP are located.