Positions | Today | Yesterday | % Change | |
Longs | 53% | 57% | -7.55% | |
Shorts | 47% | 43% | 8.51% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Buy | |
Stochastic (5; 3; 3) | Neutral | Sell | Buy | |
Alligator (13; 8; 5) | Buy | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇗ | ⇘ | ⇒ |
Upside momentum continues to prevail with the NZD/USD currency pair, thus pushing it higher for the fourth consecutive trading session. This short-term appreciation has sent the Kiwi to a two-week high level at 0.6673.
By the middle of Tuesday session, the exchange rate has reached the upper boundary of a narrow ascending channel. Furthermore, the 55-, 100-, and 200-hour SMAs have fallen below the price action.
Given that the three SMAs are below the price on the one-hour time frame, it is likely that the bullish sentiment could continue to dominate the currency exchange rate within this session.