NZD/USD slips on fundamentals

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 31% 29% 6.45%
Shorts 69% 71% -2.90%
Indicator 4H 1D 1W
MACD (12; 26; 9) 0 0 0
RSI (14) Sell Buy Buy
Stochastic (5; 3; 3) Buy Neutral Neutral
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Sell Neutral Buy
Aggregate

The way the currency pair moved yesterday slightly exceeded general expectations. After jumping from the weekly S2 at 0.7310, the rate, indeed, reached the 0.7348 mark. But then it went even further and surged towards a combination of the 100-hour SMA and the weekly S1 at 0.7363. Despite such success a reaction of traders on a speech delivered by the RBNZ Governor Wheeler drove the currency pair down by 80 basis points. For this reason, the rate found itself out of the pattern and below the monthly S1, which is located at the 0.7294 level. Most probably, the pair is going to attempt to restore some of the lost positions, step by step trying to bypass the above resistance barriers. But even if it succeeds in this endeavour, the result most likely is going to have a short-term effect.

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