NZD/USD decline insight

Note: This section contains information in English only.
Source: Dukascopy Bank SA

 Positions Today Yesterday Change
 Longs 39% 43% -10.3%
 Shorts 61% 57% 6.6%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Buy Buy Buy
 RSI(14) Neutral Neutral Neutral
 Stochastic(5;3;3) Neutral Neutral Neutral
 Alligator(13;8;5) Buy Buy Buy
 SAR(0.02;0.2) Buy Buy Buy
 Aggregate

The New Zealand Dollar appreciated about 48 base points against the US Dollar on Monday. The exchange rate breached a triangle-like formation pattern during the previous trading session.

The currency pair is currently testing the upper band of the triangle pattern at 0.6878.

Most likely, the NZD/USD exchange rate could edge lower towards a support cluster formed by the combination of the 50-, 100– and 200-hour SMAs near the 0.6849 area within this session.

Although, technical indicators suggest otherwise. Technical sentiment flash bullish signals today.

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