NZD/USD decline insight

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs36%38%-4.4%
Shorts64%62%2.5%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuyBuy
Aggregate

The New Zealand Dollar is gradually making a new higher highs and lower lows since the currency pair bounced off a support level formed by the 200-hour simple moving average at 0.6809 on March 14.

The exchange rate tested a resistance level formed by the upper boundary of a downtrend line at 0.6874 during the morning hours of Monday's trading session. 

Everything being equal, it is likely that the NZD/USD currency exchange rate could aim for a support cluster set by the combination of the 50– and 100-hour SMAs at 0.6845 during the following trading session.

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