NZD/USD might make brief retracement

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs73%71%3.5%
Shorts27%29%-9.6%
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralBuy
Alligator(13;8;5)NeutralSellSell
SAR(0.02;0.2)BuyBuySell
Aggregate

Upside risks have dominated the New Zealand Dollar against the US Dollar since last week's trading session. As a result, a breakout occurred through the upper boundary of a descending channel pattern at 0.6532.

Most likely, the NZD/USD currency pair might make a brief retracement towards a support level formed by the 100-hour simple moving average at 0.6528 within this session.

If the 100-hour SMA holds, the currency exchange rate will continue its upward swing during the following trading session.

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