| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 29% | 35% | -21.1% |
| Shorts | 71% | 65% | 8.7% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇒ | ⇗ |
During the first half of Thursday's trading session, the New Zealand Dollar declined by 40 pips or 0.54% against the US Dollar. However, the currency pair rebounded at the end of the day.
Technical indicators suggest buying signals on the 4H time-frame chart. Most likely, bullish traders could pressure the exchange rate higher during the following trading session.
Though the upper line of a descending channel pattern could provide resistance for the NZD/USD currency exchange rate today.