NZD/USD slows down massive surge

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

Positions Today Yesterday % Change
Longs 42% 43% -2.38%
Shorts 58% 57% 1.72%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Buy Buy Buy
Aggregate ⇗ ⇗ ⇘

[ANNOUNCE] The narrow uptrend that was apparent on the NZD/USD chart for three trading sessions was breached late on Friday. [/ANNOUNCE] The New Zealand Dollar has since retraced back to the given line on two separate occasions due to the 55-hour SMA providing an unbreakable support barrier. 

The US Dollar should soon start strengthening its positions against the Kiwi, thus putting a downward pressure on the rate. However, it is yet to be seen if this scenario occurs during the following trading session. Even if the 55-hour SMA is surpassed, the weekly PP and the 100-hour SMA are likewise located nearby. 

On the other hand, the failure to return near the 55-hour SMA within the following hours should result in the Kiwi testing the weekly R1 at 0.7156. This level is expected to hold strong.

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