NZD/USD consolidates at 0.6098

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs59%67%-12.4%
Shorts41%33%18.0%
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)SellSellNeutral
Alligator(13;8;5)BuyNeutralSell
SAR(0.02;0.2)BuySellBuy
Aggregate

The New Zealand Dollar surge by 81 pips or 1.36% against the US Dollar on Tuesday. The currency pair breached the weekly R1 at 0.6098 during the Asian session on Wednesday.

All things being equal, the exchange rate will most likely continue to surge within this session. The potential target for bullish traders would be at the weekly R2 at 0.6185.

However, the upper boundary of a dominant descending channel pattern at 0.6120 could provide resistance for the NZD/USD currency exchange rate during the following trading session.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.