NZD/USD bounces off support

Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs44%62%-39.5%
Shorts56%38%31.4%
Indicator4H1D1W
MACD(12;26;9)SellBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellBuySell
SAR(0.02;0.2)SellSellSell
Aggregate

The New Zealand Dollar fell by 91 base points against the US Dollar Friday. The decline began after the US Non-Farm Payroll data releases on Friday.

The currency pair bounced off from the lower boundary of a descending channel pattern at 0.6600 at the end of Friday's trading session.

Most likely, the currency exchange rate could aim for a resistance level at 0.6704 during the following trading session.

However, a resistance cluster formed by the 50-, 100– and 200-hour SMAs at 0.6674 within this session.

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