| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 27% | 29% | -7.5% |
| Shorts | 73% | 71% | 2.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Sell |
| Alligator(13;8;5) | Sell | Buy | Neutral |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇗ | ⇒ |
The New Zealand Dollar declined by 78 basis points or 1.20% against the US Dollar on Friday. The currency pair was pressured lower by a narrow descending channel pattern.
The exchange rate broke the narrow descending channel pattern during the London session on Monday. Given that a breakout had occurred, the NZD/USD pair will most likely continue to surge until it reaches the 0.6460 area.
However, a resistance cluster at the 0.6433 level could provide resistance for the currency exchange rate during the following trading session.