NZD/USD constrain by 50-hour SMA

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

Positions Today Yesterday % Change
Longs 63% 67% -6.35%
Shorts 37% 33% 10.81%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Buy Buy 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 decline of the NZD/USD exchange rate has been guided by the 50-hour simple moving average.

Presently, the currency pair is trading near the bottom border of a two-week descending channel at 0.6437. from a technical point of view, a reversal towards the 50-hour SMA at 0.6564 could be expected within this session.

However, technical indicators demonstrate that the New Zealand Dollar might continues it downside momentum against the US Dollar during today's session. The potential target for bearish traders could be near the monthly S2 at 0.6410 during the following trading session.

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