NZD/USD fundamentals break all trends

Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 28% 29% -3.57%
Shorts 72% 71% 1.39%
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

Worse-than-expected US data propelled the New Zealand Dollar to new heights against the Greenback. As the US CPI and Retail Sales data sets were released, all technical analysis became obsolete. However, there was one exception. The second weekly resistance level at the 0.7293 mark shortly held ground, indicating that pivot points should be taken into account on this pair. Thus, it can be forecasted that the pair may head for the monthly R2 at the 0.7314 mark next. However, the Federal Open Markets Committee is set to release various types of information into the marketplace at 18:00 GMT. The Federal Reserve is most likely going to shake the financial markets through the US Dollar in a way that will make the last of the technical conclusions obsolete.

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.