Positions | Today | Yesterday | % Change | |
Longs | 32% | 36% | -12.50% | |
Shorts | 68% | 64% | 5.88% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Sell | |
RSI (14) | Sell | Sell | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇒ | ⇒ | ⇘ |
The New Zealand Dollar continues on its path higher against the US Dollar on Thursday. Meanwhile, the currency pair remains in a rather strange non-symmetrical ascending channel pattern. During the first half of Thursday's trading session the currency exchange rate was creeping slowly higher by using the mentioned pattern's lower trend line as a support. In additional the 55-hour SMA was clearly approaching the pair from the downside. These factors combined and the support of the monthly R1 at 0.72 mark are providing the arguments needed for the hypothesis of a surge. Due to that it is assumed that the pair will soon reach for the second weekly resistance at 0.7223 level.