NZD/USD decline might continue

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs73%74%-2.5%
Shorts27%26%6.7%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralBuyNeutral
Stochastic(5;3;3)NeutralNeutralBuy
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)SellSellSell
Aggregate⇘⇘⇘

[ANNOUNCE]The New Zealand Dollar has depreciated about 0.96% in value against the US Dollar since yesterday's trading session. The decline started after the currency pair tested a resistance cluster formed by the 50– hour simple moving average and the monthly pivot point at 0.6380.[/ANNOUNCE]

As for the near future, the NZD/USD exchange rate might make a brief retracement towards the weekly S1 at 0.6356.

If the resistance line holds, bearish traders could continue their dominance in the market during the following trading session.

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