NZD/USD surge still likely

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

Positions Today Yesterday % Change
Longs 53% 53% 0.00%
Shorts 47% 47% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Sell Neutral
Stochastic (5; 3; 3) Neutral Neutral Sell
Alligator (13; 8; 5) Buy Buy Neutral
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The New Zealand Dollar versus the US Dollar traded above the weekly R1 at 0.6852 during Thursday's session.

Currently, the 50-hour simple moving average is guiding the NZD/USD currency exchange rate toward the upper boundary of a medium-term ascending channel at 0.6900.

By and large, it is expected that the Kiwi continues to gain strength against the Greenback today.

The potential target for the exchange rate will be near a psychological resistance level at the 0.6900 mark.

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