NZD/USD points to decline

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

Positions Today Yesterday % Change
Longs 61% 53% 13.11%
Shorts 39% 47% -20.51%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Sell Neutral Buy
Stochastic (5; 3; 3) Neutral Sell Buy
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

A resistance level formed by the monthly pivot point at 0.6720 has stopped the bullish momentum which has guided the NZD/USD currency pair during the previous days. The rate made a U-turn south during the early hours of today's session.

The New Zealand Dollar is expected to continue its decline against the US Dollar within this session. The exchange rate could target the lower boundary of a junior ascending channel today.

Given that the 55-, 100-, and 200-hour SMAs are below the price, it is likely that the currency exchange rate reverses from the bottom border as mentioned above during the following trading session.  

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