NZD/USD moving towards support level at 0.6583

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

Positions Today Yesterday % Change
Longs 63% 60% 4.76%
Shorts 37% 40% -8.11%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Buy Buy Neutral
Alligator (13; 8; 5) Sell Neutral Sell
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

The New Zealand Dollar has depreciated significantly against the US Dollar since the beginning of this week. The currency pair has lost about 1.47% of its values.

The exchange rate dashed through a support cluster formed by the 200-hour simple moving average and the weekly PP at 0.6637 during the first part of Friday's trading session.

Everything being equal, it is likely that the NZD/USD currency exchange rate will continue its downside momentum until the pair hit a two-week low level at 0.6583 during the following trading session.

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