NZD/USD faces support level at 0.6759

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

Positions Today Yesterday % Change
Longs 56% 53% 5.36%
Shorts 44% 47% -6.82%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Sell Neutral
Alligator (13; 8; 5) Buy Sell Neutral
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

The New Zealand Dollar appreciated about 79 base points against the US Dollar on Wednesday. The currency pair breached a resistance cluster formed by the monthly and the weekly pivot points at 0.6795 during Wednesday's trading session.

However, after testing the resistance cluster as mentioned above, the exchange rate made a pullback towards the lower boundary of an ascending channel pattern at 0.6779.

Most likely, the currency exchange rate will aim for a support level formed by the 50– and 100-hour SMAs near the 0.6748 region during the following trading session.

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