NZD/USD moving towards target

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

Positions Today Yesterday % Change
Longs 47% 49% -4.26%
Shorts 53% 51% 3.77%
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 Buy Sell
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

The New Zealand Dollar depreciated about 40 base points against the US Dollar on Friday. The currency pair was guided south by the 50-hour simple moving average during Friday's session.

By and large, it is likely that the currency exchange rate continues moving south towards the 200-hour SMA at 0.6682 within this session. 

However, technical indicators flash bullish signals on the daily time-frame. Therefore, a potential upside reversal from a support level formed by the 200-hour moving average could be expected during the following trading session.

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