| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 71% | 75% | -5.3% |
| Shorts | 29% | 25% | 12.9% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇗ |
The New Zealand Dollar traded with low volatility against the US Dollar on Monday. However, a breakout occurred through the upper boundary of a descending channel pattern during the morning hours of Monday's trading session.
The exchange rate is currently stranded between the 50– and 100– hour SMAs. The 100-hour simple moving average is providing resistance for the rate, while the 50-hour moving average is providing support.
Technical indicators demonstrate that the NZD/USD currency exchange rate will continue its decline within this session.
Although, bulls could try and regain control of the pair during the following trading session.