NZD/USD trading within range

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

Positions Today Yesterday % Change
Longs 60% 58% 3.33%
Shorts 40% 42% -5.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Neutral Neutral Sell
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

 The New Zealand Dollar remained stable against the US Dollar on Monday, as it was confined between the bounds of 0.7059/0.6998 and also the 55– hour simple moving average.

By the middle of the European trading session on Tuesday, the NZD/USD exchange rate was heading for a test of a support cluster set by the 200– hour SMA and the weekly pivot point near 0.7023.

If and when the just mentioned support cluster holds, the currency exchange rate could continue it movement north for a potential test of the upper boundary of a dominant ascending channel.

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