NZD/USD bearish signals today

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

Positions Today Yesterday % Change
Longs 50% 52% -4.00%
Shorts 50% 48% 4.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Buy Buy
Alligator (13; 8; 5) Sell Sell Neutral
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

The New Zealand Dollar depreciated about 45 base points against the US Dollar on Thursday. The 50– and 100-hour SMAs continued to pressure the currency pair lower.

Everything being equal, it is likely that the NZD/USD currency exchange rate will continue its southern movement within this session. The potential downside target will be near the lower boundary of a medium-term descending channel at 0.6653.

Meanwhile, technical indicators demonstrate that bears are likely to continue their dominance in the market today.

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