NZD/USD retreats back below 0.72

Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 36% 28% 22.22%
Shorts 64% 72% -12.50%
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

Kiwi is falling against the US Dollar. The pair has retreated below the 0.72 mark. The ascent and following decline, which both can clearly be observed on the hourly chart, occurred due to US fundamental data releases. Firstly, the pair jumped due to lower than expected US CPI and Retail Sales data sets. Secondly, the US Dollar regained lost ground at the moment of the Fed publishing their information regarding their meetings and the Federal Funds Rate. As a result, by the middle of Thursday's trading session the pair was located just above the weekly PP, which is located at the 0.7185 mark. If the pair passes the just mentioned support level, additional losses might be suffered by the Kiwi, as the closest support level is located below the 0.7150 mark.

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