NZD/USD potential decline

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

Positions Today Yesterday % Change
Longs 53% 55% -3.77%
Shorts 47% 45% 4.26%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Neutral Sell Sell
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

The New Zealand Dollar appreciated about 81 base points against the US Dollar on Tuesday. The currency pair breached the 200-hour simple moving average at 0.6549 during the end of yesterday's trading session.

Everything being equal, it is likely that the currency exchange rate will decline towards a support level formed by the monthly pivot point at 0.6517 within this session.

Furthermore, technical indicators on the daily time-frame suggest that bearish sentiment could dominate the currency pair today.

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