NZD/USD pressured by 200-hour SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 60% 62% -3.33%
Shorts 40% 38% 5.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Buy Neutral Neutral
Alligator (13; 8; 5) Neutral Sell Sell
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

Bearish sentiment drove the New Zealand Dollar down against the US Dollar on Thursday. The currency pair ends yesterday session with 77 pips loss and also broke out through the lower boundary of a junior ascending channel.

By the European session on Friday, the exchange rate was trading below 0.6789 which is the weekly pivot point. Furthermore, the pair was pressured south by the 200-hour simple moving average.

Given that the NZD/USD currency exchange rate has been losing strength since yesterday session, a brief retracement to the upside is likely to occur during the following trading session.

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