NZD/USD decline in sight

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

Positions Today Yesterday % Change
Longs 56% 51% 8.93%
Shorts 44% 49% -11.36%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Sell Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Neutral
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate ⇒ ⇗ ⇘

[ANNOUNCE]The New Zealand Dollar traded with low volatility against the US Dollar on Monday. The currency pair surged by about 39 base points during Monday's trading session.[/ANNOUNCE]

The exchange rate was trading near the bottom border of an ascending trendline at 0.6671 during the first part of Tuesday's session. Meanwhile, the 50-hour simple moving average is providing support for the pair at 0.6658.

Everything being equal, it is likely that the NZD/USD currency exchange rate makes a brief downward movement within this session.

The potential target for the Kiwi will be near a support cluster formed by the weekly, the monthly and the 100-hour simple moving average at 0.6623.

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