| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 58% | 59% | -2.9% |
| Shorts | 42% | 41% | 3.9% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇘ | ⇑ | ⇒ |
The New Zealand Dollar surged by 97 basis points or 1.62% against the US Dollar on Thursday. A breakout occurred through the upper boundary of a descending channel pattern.
Given that a breakout has occurred, the currency pair could continue to edge higher within this session. The potential target for the NZD/USD exchange rate would be at the weekly R1 at 0.6156.
Although, today's macroeconomic data releases scheduled at 12:30GMT could change the overall movement of the currency exchange rate during the following trading session.