NZD/USD tests weekly S3

Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs56%45%18.8%
Shorts44%55%-23.6%
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)BuyNeutralNeutral
Stochastic(5;3;3)BuyBuyNeutral
Alligator(13;8;5)SellSellBuy
SAR(0.02;0.2)SellSellBuy
Aggregate

The New Zealand Dollar edged lower by 47 pips or 0.71% in value against the US Dollar. The decline continues during the morning hours of Tuesday's trading session.

The exchange rate is currently testing a support line formed by the weekly S3 at 0.6529.

If the support level holds, the NZD/USD pair will make a brief upward movement within this session.

However, if the currency exchange rate breaks the weekly S3, bearish traders will likely continue to pressure the price lower during the following trading session.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.