| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 72% | 71% | 2.2% |
| Shorts | 28% | 29% | -5.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
As predicted, the New Zealand Dollar hit a resistance cluster formed by the weekly and the monthly pivot points at 0.7147 during yesterday's trading session.
After the currency pair tested the resistance cluster, a pullback occurred as expected.
The exchange rate began today's trading session with a bearish momentum, and by the middle of the trading hours, the Kiwi has lost about 0.77% in value against the US Dollar.
As for the near future, it is likely that the currency exchange rate regains some of its lost position.
However, the 50-, 100– and 200-hour simple moving averages could hinder such movement today.