Positions | Today | Yesterday | % Change | |
Longs | 59% | 50% | 15.25% | |
Shorts | 41% | 50% | -21.95% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Neutral | Buy | |
RSI (14) | Neutral | Sell | Neutral | |
Stochastic (5; 3; 3) | Sell | Neutral | Buy | |
Alligator (13; 8; 5) | Buy | Sell | Sell | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇘ | ⇘ | ⇒ |
The New Zealand Dollar movement against the US Dollar has been constrained by a junior ascending channel. The exchange rate reversed from it lower boundary during the middle of Monday's trading session and has since gained 84 base point or 1.21%.
During this period of bullish sentiment, a had breakout occurred through the up border of a descending channel. By the early hours of today session, the pair has moved past the monthly pivot point at 0.6944.
The NZD/USD currency exchange rate is likely to retrace south in the short-term for a potential target at 0.6921 which is a support cluster set by the 55– and 200– hour SMAs.