Positions | Today | Yesterday | % Change | |
Longs | 50% | 52% | -4.00% | |
Shorts | 50% | 48% | 4.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Buy | Buy | |
Alligator (13; 8; 5) | Sell | Sell | Neutral | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇘ | ⇘ | ⇒ |
The New Zealand Dollar depreciated about 45 base points against the US Dollar on Thursday. The 50– and 100-hour SMAs continued to pressure the currency pair lower.
Everything being equal, it is likely that the NZD/USD currency exchange rate will continue its southern movement within this session. The potential downside target will be near the lower boundary of a medium-term descending channel at 0.6653.
Meanwhile, technical indicators demonstrate that bears are likely to continue their dominance in the market today.