NZD/USD target at 0.6826

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) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Sell
Alligator (13; 8; 5) Neutral Buy Buy
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

Today's trading session began with a strong bearish sentiment. The New Zealand Dollar has depreciated about 59 base points during the morning hours of Wednesday's session.

A breakout through the lower boundary of an ascending channel occurred during the European trading session on Wednesday.

Given that a breakout had occurred, it is likely that bears could push the currency exchange rate towards a support level at 0.6826 during the following trading session.

Although, the market sentiment could changes within the following hours, as technical indicators suggest bullish signals on the daily time frame.

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