Positions | Today | Yesterday | Change |
Longs | 51% | 47% | 7.8% |
Shorts | 49% | 53% | -8.2% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Sell | Sell | Buy |
RSI(14) | Sell | Neutral | Neutral |
Stochastic(5;3;3) | Neutral | Buy | Neutral |
Alligator(13;8;5) | Neutral | Sell | Buy |
SAR(0.02;0.2) | Buy | Sell | Buy |
Aggregate | ⇒ | ⇘ | ⇗ |
The New Zealand Dollar appreciated about 56 base points against the US Dollar on Thursday. The currency pair tested the upper boundary of a junior descending channel pattern at 0.6855 during Thursday's trading session.
As for the near future, it is likely that the NZD/USD exchange rate will decline towards a support level formed by the combination of the 200-hour simple moving average and the weekly pivot point at 0.6795.
However, the currency exchange rate needs to surpass the 50-hour SMA located at 0.6824 within this session.