NZD/USD breaches 200-hour SMA

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

Positions Today Yesterday % Change
Longs 55% 54% 1.82%
Shorts 45% 46% -2.22%
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 Buy Sell
Aggregate

Upside risks dominated the NZD/USD exchange rate on Friday. The New Zealand Dollar appreciated by 65 base points against the US Dollar during the end of Friday's session.

Monday's trading session begins with a bullish sentiment. By the middle of the session, a breakout through the upper boundary of a two-week descending channel at 0.6529 has occurred.

Given that the currency exchange rate has breached the 200-hour simple moving average at 0.6549, the next target for the pair will be near a resistance cluster formed by the monthly and the weekly PPs at 0.6692.

However, a brief pullback towards the 100-hour SMA at 0.6529 could is likely within this session.

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