Positions | Today | Yesterday | % Change | |
Longs | 42% | 42% | 0.00% | |
Shorts | 58% | 58% | 0.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Sell | |
RSI (14) | Neutral | Sell | 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 movement of the New Zealand Dollar on Wednesday was guided primarily by the 55-hour SMA and the weekly PP. The former, together with the 100-hour SMA, was breached early today which allowed for a re-test the two-month high at 0.7125. The upward movement has allayed, thus pointing to a soon decline.
It is likely that the Kiwi is tended south within the following session. This movement, however, might be hindered by the 55– and 100-hour SMAs circa 0.7102, thus leaving the rate above this support cluster for several hours.
The ultimate low for today should be the 200-hour SMA and the weekly PP at 0.7070. Meanwhile, the northern barrier is provided by the weekly R1 at 0.7156.