Positions | Today | Yesterday | Change |
Longs | 50% | 52% | -4.5% |
Shorts | 50% | 48% | 4.4% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Sell | Buy | Buy |
RSI(14) | Buy | Neutral | Neutral |
Stochastic(5;3;3) | Buy | Neutral | Neutral |
Alligator(13;8;5) | Sell | Buy | Buy |
SAR(0.02;0.2) | Sell | Sell | Buy |
Aggregate | ⇒ | ⇒ | ⇗ |
The New Zealand Dollar depreciated about 137 base points against the US Dollar on Wednesday. The currency pair breached a medium-term ascending channel pattern during yesterday trading session.
Given that a breakout had occurred, it is likely that the NZD/USD exchange rate will continue its decline today.
The potential downside target for the currency exchange rate will be near the lower boundary of a junior descending channel pattern at 0.6780.
Meanwhile, technical indicators suggest a bearish signal on the 4(H) time-frame chart.