| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 63% | 64% | -0.8% |
| Shorts | 37% | 36% | 1.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Neutral |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The New Zealand Dollar has been depreciating in a descending channel pattern against the US Dollar since July 22. The currency pair has lost about 3.91% in value during the past two weeks.
As for the near future, it is likely that the NZD/USD exchange rate will end this week's trading sessions near a support level formed by the lower boundary of the descending channel at 0.6475.
However, a support line, set by the monthly S2 at 0.6522 could provide support for the currency exchange rate today.