NZD/USD remains near resistance cluster

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

Positions Today Yesterday % Change
Longs 58% 59% -1.72%
Shorts 42% 41% 2.38%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Buy Neutral Neutral
Alligator (13; 8; 5) Neutral Buy Sell
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

The New Zealand Dollar depreciated about 87 base points against the US Dollar on Tuesday. The decline was stopped by s support level formed by the 200-hour simple moving average at 0.6792.

The exchange rate bounced off from the lower boundary of an ascending channel at 0.6780 during the morning hours of Thursday's trading session. Currently, the pair is near a resistance cluster at 0.6817.

If the rate passes the resistance level, the next target will be at a swing high of 0.6869.

However, if the resistance level holds, the pair could aim for a re-tests of the bottom border to the channel pattern today.

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