NZD/USD awaits US data releases

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

Positions Today Yesterday % Change
Longs 56% 54% 3.57%
Shorts 44% 46% -4.55%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Buy Neutral Sell
Alligator (13; 8; 5) Neutral Buy Neutral
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

Bears continue their dominance in the market for the NZD/USD currency pair. During the first part of Thursday's session, the exchange rate tested the 200-hour simple moving average at 0.6863.

If this support level formed by the 200-hour SMA holds, the pair could aim for a re-tests of the weekly R1 at 0.6932.

However, if the pair passes the support line, a potential breakout through the lower boundary of an ascending channel at 0.6843 is likely to occur.

Meanwhile, the US macroeconomic data releases schedule at 15:00GMT could change the overall positioning of the currency exchange rate.

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