Positions | Today | Yesterday | % Change | |
Longs | 38% | 36% | 5.26% | |
Shorts | 62% | 64% | -3.23% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Sell | Buy | Buy | |
SAR (0.02; 0.2) | Sell | Buy | Buy | |
Aggregate | ⇓ | ⇗ | ⇗ |
After touching the upper boundary of a dominant channel, the New Zealand Dollar began declining against the US Dollar. This fall started on February 16.
During the end of Thursday's trading session, the combination of the 55-, 100-, and the 200-hour SMAs had provided enough resistance to push the price further south. However, the decline was stopped by the monthly pivot point at 0.7293.
As for near future, it is likely that the Aussie is tended south within the following trading sessions. This bearish movement might be hindered by the weekly S1 at 0.7274. Meanwhile, technical indicators flash mixed signals.