NZD/USD breaks weekly R1

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs58%58%-1.3%
Shorts42%42%1.8%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)SellBuyBuy
Aggregate⇒⇗⇒

[ANNOUNCE]The New Zealand Dollar has appreciated about 28 basis points against the US Dollar since Thursday's session. The currency pair breached a significant resistance level at 0.6431 during the UK's trading session on Friday.[/ANNOUNCE]

Given that the exchange rate has breached the weekly R1 at 0.6431, bullish traders could continue to dominate this session. The potential target will be at the 0.6462 area.

A possible downside reversal could occur from the weekly R2 at 0.6462 during the following trading session.

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