NZD/USD near weekly R1

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs64%71%-11.9%
Shorts36%29%20.7%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)SellBuyBuy
Aggregate

The New Zealand Dollar depreciated about 0.38% in value against the US Dollar on Friday. The currency pair tested the 200– hour simple moving average during Friday's trading session.

All things being equal, the NZD/USD exchange rate will most likely edge higher within this session. Bullish traders might aim for the 0.6460 area in the shorter term.

Although, a resistance level formed by the weekly R1 at 0.6431 could provide resistance for the currency exchange rate during the following trading session.

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