NZD/USD decline after data releases

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs59%44%25.3%
Shorts41%56%-35.8%
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)BuyNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)NeutralBuyBuy
SAR(0.02;0.2)SellBuyBuy
Aggregate

The New Zealand Dollar traded with low volatility against the US Dollar on Tuesday. However, the New Zealand macroeconomic data releases changed the overall position of the currency exchange rate during the Asian trading session on Wednesday.

The NZD/USD currency pair lost about 1.75% of its values during the first half of today's trading session.

Everything being equal, it is likely that bears could regain some of its lost positions within this session. The potential upside target will be near the 200-hour simple moving average at 0.6873.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request)
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request).
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.