NZD/USD could edge lower

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs44%47%-6.8%
Shorts56%53%5.3%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)SellBuyBuy
Aggregate

The New Zealand Dollar has declined by 50 basis points or 0.82% against the US Dollar on since Thursday's trading session. The 50– hour SMA pressured the currency pair lower.

Everything being equal, the NZD/USD exchange rate could decline within this session. The possible target for bearish traders would be near a support cluster at 0.6048.

However, the weekly R1 and the 100– hour simple moving average at 0.6082 could provide support for the currency exchange rate during the following trading session.

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