NZD/USD breaches monthly PP

Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 57% 57% 0.00%
Shorts 43% 43% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Buy
Stochastic (5; 3; 3) Sell Neutral Neutral
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

The New Zealand Dollar depreciated about 33 base points against the US Dollar on Friday. The exchange rate breached the monthly pivot point at 0.6517 during the end of Friday's session.

Currently, the currency pair is trading near the upper boundary of a one-week ascending channel at 0.6536.

If the pair passes that upper border of the channel, the next target will be at the weekly R1 at 0.6554.

However, if that border holds, the currency exchange rate could make a brief retracement towards the 50-hour simple moving average at 0.6511 during the following trading session.

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