NZD/USD downside risks likely

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

Positions Today Yesterday % Change
Longs 53% 54% -1.89%
Shorts 47% 46% 2.13%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Sell
Alligator (13; 8; 5) Sell Buy Neutral
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The New Zealand Dollar appreciated about 61 base points against the US Dollar on Monday. The appreciation was stopped by a strong resistance level formed by the 100-hour simple moving average and the weekly pivot points at 0.6892.

A resistance cluster formed by the combination of the 100-hour SMA and the weekly pivot point at 0.6892 pressurised the currency pair south during the first half of today's session.

Everything being equal, it is likely that the moving averages pressurise the currency exchange rate south towards a swing low of 0.6840 during the following trading session.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.