NZD/USD should go downside

Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs60%69%-14.5%
Shorts40%31%22.0%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralSellNeutral
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)SellBuySell
Aggregate

The New Zealand Dollar versus the US Dollar ended yesterday's trading session with a 44-pips gain. However, the currency pair began Thursday's trading session with a decline.

By the middle of Thursday's session, the exchange rate was testing a support cluster formed by the weekly pivot point and the 200-hour simple moving average at 0.6674.

Most likely, the NZD/USD exchange rate might continue its downward movement today. In addition, the currency exchange rate could surpass the support cluster as mentioned earlier.

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