NZD/USD decline to continue

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs28%28%0.2%
Shorts72%73%-0.1%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralSellNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)SellBuyBuy
Aggregate

The New Zealand Dollar has declined by 95 points or 1.45% against the US Dollar on since Wednesday's trading session. The 50– hour SMA pressured the currency pair lower on Wednesday.

Everything being equal, the NZD/USD exchange rate could continue to decline within this session. The possible target for bearish traders would be near the 200– hour simple moving average at 0.6438.

A potential upside reversal could occur from the support cluster near 0.6450 during the following trading session.

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