NZD/USD gets closely examined

Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 34% 37% -8.82%
Shorts 66% 63% 4.55%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Sell Sell Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The most recent full review of the NZD/USD currency exchange rate has given a lot of additional information into the pair's future. The full disclosure can be observed in the Trade Pattern Ideas section of the Dukascopy website. However, regarding the next 24 hours, the situation is clearer than the long-term outlook. The pair has recently bounced off the support of a rising wedge pattern. As a result, the New Zealand Dollar is once more heading to the 23.60% Fibonacci retracement level calculated from the 2016 high and low, which is located at the 0.7221 mark. However, it might even not reach this retracement level, as the 55 and 100-hour SMAs are providing resistance at 0.7206 and 0.7199, respectively.

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