| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 34% | 41% | -21.3% |
| Shorts | 66% | 59% | 10.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
[ANNOUNCE]The New Zealand Dollar has declined by 91 points or 1.36% against the US Dollar since Tuesday's trading session. The currency pair tested the weekly S2 at 0.6597 on Wednesday morning.[/ANNOUNCE]
Currently, the exchange rate is trading near the lower boundary of a descending channel and could be set for a breakout.
If the breakout occurs, bearish traders are likely to dominate the rest of Wednesday's trading session.
However, if the channel pattern holds, the currency exchange rate could make a brief retracement towards the 50– hour SMA at 0.6661 today.