New Zealand’s manufacturing sector recorded contraction in March: the BusinessNZ Manufacturing Index declined to 48.1 in March from 51.7 in February. Readings above 50.0 indicate expansion, below indicate contraction. This is bearish for NZDUSD.
| Indicator | VALUE | Signal |
|---|---|---|
| RSI | Sell | |
| MACD | Sell | |
| Donchian Channel | Sell | |
| MA(200) | Buy | |
| Fractals | Sell | |
| Parabolic SAR | Sell |
Summary of technical analysis
| Order | Sell |
| Buy stop | Below 0.6286 |
| Stop loss | Above 0.6313 |