| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 47% | 42% | 10.2% |
| Shorts | 53% | 58% | -9.0% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Sell | Neutral | Sell |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
The New Zealand Dollar declined by 74 pips or 1.01% against the US Dollar on Wednesday. The currency pair breached the lower boundary of an ascending channel pattern during Wednesday's session.
Given that the NZD/USD exchange rate is currently trading near the lower line of an ascending channel pattern, a breakout could occur during the following trading session.
However, if the channel pattern holds, a surge towards the weekly R1 at 0.7388 could be expected today.