| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 72% | 73% | -1.3% |
| Shorts | 28% | 27% | 3.4% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
The New Zealand Dollar declined by 75 pips or 1.19% in value against the US Dollar on Wednesday. The currency pair breached the 50-, 100– and 200– hour SMAs during yesterday's trading session.
Currently, the exchange rate is testing a support level formed by the weekly S1 at 0.6240.
If the support line holds, the NZD/USD pair will make a slight upward movement within this session.
However, if the currency exchange rate breaks the weekly S1, the next target would be at the lower boundary of a descending channel pattern at 0.6150.