NZD/USD sets a new record high

Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 28% 30% -7.14%
Shorts 72% 70% 2.78%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

In line with expectations, the NZD/USD managed to recover after a 52-pip fall and continued to move upwards during the whole previous trading day. Moreover, in the early Wednesday morning it got an additional impulse from a combination of the 55- and 100-hour SMAs, which helped to update previous six month record. Due to this back up from the bottom the pair is expected to continue to soar towards the weekly R1 at 0.7411, facing to sizable obstacles on its way. Beside, since there will be no important fundamental data releases until the end of the week, the pair should be affected only by technical indicators.

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