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 95 base points against the US Dollar on Friday. The currency pair breached the 50-, 100– and 200-hour SMAs during Friday's trading session.
Monday's trading session started with bullish sentiment, and by the middle of the European session, the exchange rate has breached the upper boundary of a downtrend line at 0.6878.
As for the short term future, it is likely that the currency exchange rate makes a brief retracement down towards a hidden base of 0.6854. Traders should look for opportunities to trade if the given base hold.