NZD/USD breached SMAs

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

Positions Today Yesterday % Change
Longs 39% 37% 5.13%
Shorts 61% 63% -3.28%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

As expected, the New Zealand Dollar has continued to decline against the US Dollar. The currency pair has breached both the 55– and 100-hour SMAs. Nevertheless, the overall dominant ascending channel still holding. 

Given that the NZD/USD pair is moving towards the lower boundary of the dominance channel, a breakout is likely to occur within the next 24 hours. However, it is important to note that the rate could encounter a support set by the 200-hour simple moving average near 0.7289.

Everything being equal, the currency exchange rate could trade in a low volatility until the US fundamental data is release.

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