Positions | Today | Yesterday | % Change | |
Longs | 42% | 40% | 4.76% | |
Shorts | 58% | 60% | -3.45% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Buy | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Neutral | Sell | |
Alligator (13; 8; 5) | Sell | Neutral | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇘ | ⇒ | ⇗ |
During the European session on Thursday, the currency exchange rate began to gain strength, however, the 55-hour simple moving average was restricting the NZD/USD for making any further gain.
As for near future, the rate is likely to make a corrective move north for a re-test of the monthly S1 at 0.7243. In addition, technical indicators suggest that the pair is in the oversold zone.