NZD/USD awaits unemployment rate

Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs62%60%2.3%
Shorts38%40%-3.7%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)SellBuySell
Aggregate

The New Zealand Dollar depreciated about 40 base points against the US Dollar on Thursday. A breakout occurred through the lower boundary of an ascending channel pattern at 0.6694.

The decline of the currency pair continues during Friday's session, as a result, the pair breached both the 50-, 100– and 200-hour SMAs.

Today's macroeconomic data releases scheduled at 12:30 GMT could change the overall positioning of the currency exchange rate today.

Most likely, the NZD/USD pair could make an upside movement at the time of the macro data releases.

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