NZD/USD potential breakout

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

Positions Today Yesterday % Change
Longs 53% 55% -3.77%
Shorts 47% 45% 4.26%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Buy Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

No changes occurred to the positioning of the NZD/USD pair on Tuesday. Lack of outside pressure resulted in the rate trading sideways along the 55-hour simple moving average.

The New Zealand Dollar failing to pick up momentum during the yesterday session allows traders to think that the bearish pressure could continue to dominate the currency pair within this session. 

Everything being equal, it is expected that the currency exchange rate breached the support level formed by the combination of the 55– and 100-hour SMAs during the following trading day.  

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