NZD/USD awaits NFP

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

Positions Today Yesterday % Change
Longs 67% 60% 10.45%
Shorts 33% 40% -21.21%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Buy Neutral Neutral
Stochastic (5; 3; 3) Buy Buy Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

The New Zealand Dollar depreciated about 40 base points against the US Dollar on Thursday. Currency pair breached the monthly support level at 0.6485 during the end of the previous session.

By the middle of the European trading session on Friday, the exchange rate was located near the lower boundary of a one-week descending channel at 0.6460 and could be set for a breakout.

Today's fundamental news could prevent the Kiwi from breaking the one-week descending channel.

However, if the data releases are worst than expected, a breakout is 100% likely to occur during the following trading session.

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