| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 42% | 36% | 13.4% |
| Shorts | 58% | 64% | -9.6% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The New Zealand Dollar depreciated about 78 base points against the US Dollar on Thursday. The decline was temporarily stopped by a support level formed by the 100-hour simple moving average at 0.6871.
Friday's trading session started with a bearish sentiment. By the middle of the day, the exchange rate was trading near the lower boundary of an ascending channel pattern at 0.6871 and could be set for a breakout.
If this breakout occurs, the next target for bearish traders will be near the weekly pivot point at 0.6838.
However, it is important to note that the 200-hour SMA at 0.6858 could provide support for the pair today.