NZD/USD Bearish movement

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

Positions Today Yesterday % Change
Longs 38% 36% 5.26%
Shorts 62% 64% -3.23%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Sell Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

The New Zealand Dollar continued to lose strength against the US Dollar since it touched the resistance level at 0.7440 on Wednesday at 22:00 GMT. Since then the pair has touched a new higher low level. 

The pair has broken previously drawn channel , and a new junior channel has been mapped out to trail the currency exchange rate. By the middle of Friday's trading session, the pair is stranded between the SMAs.  

Regarding the future trading sessions, the pair is likely to continue the bearish path until it breaches the dominant channel upside.

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