Positions | Today | Yesterday | % Change | |
Longs | 41% | 40% | 2.44% | |
Shorts | 59% | 60% | -1.69% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Buy | Sell | Sell | |
Alligator (13; 8; 5) | Sell | Sell | Buy | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇒ | ⇓ | ⇗ |
The New Zealand Dollar has stopped its decline against the US Dollar. The currency pair encounter low volatility during the first part of Tuesday's trading session.
Given that the pair is moving towards the upper boundary of a dominant channel, a breakout is like to occur within this session. If and when this occurs, it could find a resistance set by the 200-hour simple moving average.
Everything being equal, it is likely that the exchange rate should continue moving in the newly formed ascending channel. In addition, technical indicators flash mixed signals.