NZD/USD supported by weekly and monthly S1

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

Positions Today Yesterday % Change
Longs 65% 62% 4.62%
Shorts 35% 38% -8.57%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Buy
Stochastic (5; 3; 3) Neutral Buy Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

The New Zealand Dollar consolidated against the US Dollar near 0.6520/40.  

As apparent on the chart, the currency pair is pressured by the 55-hour SMA at 0.6535. Technical indicators flash bearish signals in both the short and long terms. Given these two facts it is expected that the pair could aim for the support level formed by the weekly and the monthly S1 at 0.6503. 

It is the unlikely case that some bullish pressure still prevails in the market, the New Zealand Dollar should not exceed the resistance level formed by the weekly PP and the 200-hour SMA at 0.6564.

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