Positions | Today | Yesterday | % Change | |
Longs | 53% | 53% | 0.00% | |
Shorts | 47% | 47% | 0.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Neutral | Buy | Neutral | |
RSI (14) | Neutral | Neutral | Buy | |
Stochastic (5; 3; 3) | Sell | Sell | Neutral | |
Alligator (13; 8; 5) | Buy | Sell | Sell | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇒ | ⇘ | ⇒ |
The trading session on Thursday did not introduce significant changes to the NZD/USD exchange rate position. Bulls made some gains yesterday. However, after testing the upper boundary of a channel down the pair started falling.
After reaching the 38.20% Fibonacci retracement level, the pair began to decline. The decline was temporarily stopped by the monthly pivot point at 0.7011. This retracement can be measured by connecting the low at 0.6998 and the high at the 0.7096 mark.
Furthermore, the currency exchange rate is likely to decline further south until it encounters a support set by the combination of the weekly and the monthly PPs near the 0.6917 area.