NZD/USD tests weekly PP at 0.6608

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

Positions Today Yesterday % Change
Longs 63% 63% 0.00%
Shorts 37% 37% 0.00%
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 Neutral Sell
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

The decline of the NZD/USD currency pair has been guided by the 50-hour simple moving average.

Currently, the exchange rate is trading near the lower boundary of an ascending trend line at 0.6608. From a theoretical point of view, a pullback towards the 100-hour SMA at 0.6637 could be expected within this session.

However, technical indicators suggest that the currency exchange rate might continue its decline during today's session. The potential targets for bearish traders could be near the monthly S2 at 0.6558.

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