Positions | Today | Yesterday | % Change | |
Longs | 42% | 43% | -2.38% | |
Shorts | 58% | 57% | 1.72% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇗ | ⇗ | ⇘ |
The narrow uptrend that was apparent on the NZD/USD chart for three trading sessions was breached late on Friday. The New Zealand Dollar has since retraced back to the given line on two separate occasions due to the 55-hour SMA providing an unbreakable support barrier.
The US Dollar should soon start strengthening its positions against the Kiwi, thus putting a downward pressure on the rate. However, it is yet to be seen if this scenario occurs during the following trading session. Even if the 55-hour SMA is surpassed, the weekly PP and the 100-hour SMA are likewise located nearby.
On the other hand, the failure to return near the 55-hour SMA within the following hours should result in the Kiwi testing the weekly R1 at 0.7156. This level is expected to hold strong.