NZD/USD tests 50-hour SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs39%42%-6.3%
Shorts61%58%4.1%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralSell
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)SellBuyBuy
Aggregate

The New Zealand Dollar depreciated about 30 base points against the US Dollar on Friday. The decline was stopped by a support level formed by the 50-hour simple moving average at 0.6792.

If the 50-hour SMA holds, the currency pair will continue its upside movement within this session.

On the other hand, if the NZD/USD currency exchange rate breaks the support level, as mentioned earlier, a decline towards a support cluster formed by the 100-hour SMA and the weekly PP at 0.6744 could be expected during the following trading session.

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