NZD/USD updates six-month record

Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 35% 37% -5.71%
Shorts 65% 63% 3.08%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Buy Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

As it was projected yesterday, the AUD/USD bounced off from the weekly R1 at 0.7340 and slipped back to the prior support level set up by the weekly PP at 0.7292, which by that time was already strengthened by the 55-hour SMA. Fortunately, the expected rebound matched with a release of the US fundamental data in the middle of the day, which resulted in a 60-pip surge to a new a six-month record. Such advance placed the currency pair above the before mentioned weekly R1, which gives a space for a further soar to the weekly R2 at 0.7394. However, after the markets will calm down, the pair most probably is going to move horizontally and use the 0.7340 level as a barrier to remain within the former pattern.

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