Positions | Today | Yesterday | % Change | |
Longs | 52% | 83% | -59.62% | |
Shorts | 48% | 17% | 64.58% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Sell | |
RSI (14) | Buy | Neutral | Neutral | |
Stochastic (5; 3; 3) | Buy | Neutral | Neutral | |
Alligator (13; 8; 5) | Sell | Buy | Neutral | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇒ | ⇒ | ⇒ |
The New Zealand Dollar has plummeted about 101 base points against the US Dollar since the previous trading session. The currency pair breached the lower boundary of a descending channel pattern at 0.6800 during the Asian session on Friday.
Given that a breakout had occurred, it is possible that bearish traders could push the Kiwi towards a low level of 0.6752 during the following trading session.
Although, a support level formed by the weekly S2 at 0.6770 might hinder the currency exchange rate from edging lower today.