NZD/USD stranded between SMAs

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

Positions Today Yesterday % Change
Longs 44% 47% -6.82%
Shorts 56% 53% 5.36%
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) Buy Buy Buy
Aggregate

The New Zealand Dollar depreciated about 48 base points against the US Dollar on Monday. The currency pair tested the lower boundary of an ascending trendline at 0.6711 during the end of the previous session.

The NZD/USD currency pair was stranded between SMAs during the first part of Tuesday's trading session. The 100-hour simple moving average was providing resistance at 0.6754, while the 50-hour moving average was providing support for the pair at 0.6735.

A breakout from the SMAs is likely to occur within the coming hours. Technical indicators suggest a northern breakout.

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