NZD/USD points to minor recovery

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

Positions Today Yesterday % Change
Longs 55% 53% 3.64%
Shorts 45% 47% -4.44%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Sell
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

The combined resistance of the 200– and 100-hour SMAs and the bottom channel line circa 0.6920 proved to be an unbreakable barrier for the New Zealand Dollar. As a result, bears took the upper hand and guided NZD/USD lower until the 0.6840 territory was reached mid-Thursday. 

It started to become clear that the rate is unlikely to push up to the senior channel circa 0.6940; thus, its upper border was shifted slightly lower. 

By and large, the Kiwi might still push slightly lower in the upcoming hours; however, it should hold its current positioning between the weekly S1 and S2 at 0.6873 and 0.6822, respectively. 

Even if the rate reaches the former, likewise reinforced by the 55-hour SMA, the above norther barrier is likely to hold firm.

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