NZD/USD bearish sentiment today

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

Positions Today Yesterday % Change
Longs 47% 51% -8.51%
Shorts 53% 49% 7.55%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Sell Sell Neutral
Stochastic (5; 3; 3) Neutral Sell Neutral
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The New Zealand Dollar has continued to trade in a narrow ascending channel against the US Dollar. The currency pair appreciated by about 50 base points during yesterday's session.

The exchange rate begins Friday's session with a bearish sentiment. By the middle of the day, the NZD/USD currency pair has breached the 50-hour simple moving average at 0.6808.

Everything being equal. It is likely that the downside momentum will continue during the following trading session. The potential target for the pair will be near the 100-hour SMA at 0.6777.

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