NZD/USD trading opportunities at 0.6768

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

 Positions Today Yesterday Change
 Longs 48% 55% -14.8%
 Shorts 52% 45% 13.7%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Buy Sell Buy
 RSI(14) Neutral Neutral Neutral
 Stochastic(5;3;3) Neutral Neutral Neutral
 Alligator(13;8;5) Buy Neutral Buy
 SAR(0.02;0.2) Buy Sell Buy
 Aggregate

The New Zealand Dollar depreciated about 58 base points against the US Dollar on Wednesday. The decline was stopped by a support level formed by the weekly pivot point at 0.6795. Today's session began with an upward movement.

The currency pair tested the upper boundary of a junior descending channel pattern at 0.6840 during the middle of the day.

It is likely that the NZD/USD currency exchange rate decline towards a hidden base of 0.6768.

Traders are advised to look for opportunities to trade if the hidden base of 0.6768 holds.

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