Positions | Today | Yesterday | % Change | |
Longs | 40% | 37% | 7.50% | |
Shorts | 60% | 63% | -5.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Sell | Neutral | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇓ | ⇘ | ⇗ |
Bears continue their dominance over the NZD/USD pair. Overall, the dominant descending channel still holding.
After reaching the 50.00% Fibonacci retracement level, the currency pair made a U-turn south. The combination of the 55-, and 100—hour SMAs was providing enough support to push the price further south. This retracement can be measured by connection the low at 0.7187 and the high at 0.7366.
As for near future, analysts expect that the exchange rate is likely to continue its decline until it finds support at the weekly pivot point at 0.7173.