NZD/USD faces support cluster

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs59%67%-12.9%
Shorts41%33%18.5%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)SellBuySell
Aggregate

The New Zealand Dollar has depreciated about 1.03% in value against the US Dollar since yesterday's trading session. The 50– hour simple moving average pressured the currency pair lower on Tuesday.

All things being equal, the NZD/USD exchange rate will most likely continue to edge lower during the following trading session. The potential target will be near the 0.6320 area.

However, a support cluster formed by the weekly S1 and the monthly pivot point at 0.6350 could provide support for the currency exchange rate within this trading session.

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