Positions | Today | Yesterday | % Change | |
Longs | 47% | 46% | 2.13% | |
Shorts | 53% | 54% | -1.89% | |
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 | Sell | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇘ | ⇘ | ⇗ |
The New Zealand Dollar continues to decline against the US Dollar, the pair has already lost more than 80 basis points by the end of the European trading session.
After hitting the 61.80% Fibonacci retracement level, the NZD/USD pair made a reverse move south. This retracement can be measured by connecting the low at 0.7198 and the high at 0.7353.
As for near future, the currency pair might make a move in either direction as traders await the US data release which is scheduled by 13:30GMT. In addition, technical indicators flash bearish movement.