Positions | Today | Yesterday | Change |
Longs | 42% | 51% | -21.4% |
Shorts | 58% | 49% | 15.5% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Sell | Buy | Buy |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Neutral | Neutral | Neutral |
Alligator(13;8;5) | Sell | Buy | Buy |
SAR(0.02;0.2) | Sell | Buy | Buy |
Aggregate | ⇘ | ⇗ | ⇗ |
The New Zealand Dollar edged lower against the US Dollar on Thursday. The currency pair breached a support cluster formed by the combination of the monthly and weekly pivot points at 0.6834.
Currently, the exchange rate is testing a resistance level formed by the weekly PP at 0.6823.
If this resistance line holds, a decline towards a support level set by the monthly S1 at 0.6775 could be expected within this session.
Although, if the NZD/USD pair passes the 0.6824 mark, the next target for bullish traders will be near the 100-hour simple moving average at 0.6861.