Positions | Today | Yesterday | % Change | |
Longs | 39% | 37% | 5.13% | |
Shorts | 61% | 63% | -3.28% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Sell | Buy | Buy | |
Aggregate | ⇒ | ⇗ | ⇗ |
As expected, the New Zealand Dollar has continued to decline against the US Dollar. The currency pair has breached both the 55– and 100-hour SMAs. Nevertheless, the overall dominant ascending channel still holding.
Given that the NZD/USD pair is moving towards the lower boundary of the dominance channel, a breakout is likely to occur within the next 24 hours. However, it is important to note that the rate could encounter a support set by the 200-hour simple moving average near 0.7289.
Everything being equal, the currency exchange rate could trade in a low volatility until the US fundamental data is release.