Positions | Today | Yesterday | % Change | |
Longs | 42% | 38% | 9.52% | |
Shorts | 58% | 62% | -6.90% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Sell | Buy | Buy | |
Aggregate | ⇒ | ⇗ | ⇗ |
The New Zealand Dollar continued to appreciate against the Greenback until the weekly R2 and the 61.8% Fibo circa 0.7400, thus providing the third confirmation of the junior channel line.
FOMC comments at 1800GMT sent the rate for a plunge down to the weekly R1. This upward momentum, however, did not stop there, but continued to prevail until the 100-hour SMA at 0.7301 was reached mid-Thursday. The rate breached the lower boundary of the junior channel and thus may consequently approach the bottom channel line near 0.7240 in the medium term.
It is likely that the Kiwi continues to move lower until the 200-hour SMA and the monthly PP. This might mark a reversal point that could either sent the rate for a surge or lead to a minor consolidation period.