| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 64% | 62% | 2.7% |
| Shorts | 36% | 38% | -4.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Sell | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ` |
The New Zealand Dollar surged by 40 pips or 0.67% against the US Dollar on Monday. The currency pair breached the 50– and 200– hour SMAs during the first part of Tuesday's trading session.
Currently, the exchange rate is testing a resistance level formed by the weekly pivot point at 0.6074.
If the weekly PP holds, a breakout through the lower boundary of an ascending channel pattern could occur within this session.
However, if the currency exchange rate breaks the resistance line, a surge towards the 0.6120 area could be expected today.