NZD/USD flashes bearish signals

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

Positions Today Yesterday % Change
Longs 55% 55% 0.00%
Shorts 45% 45% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Buy Buy Neutral
Stochastic (5; 3; 3) Buy Buy Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

The New Zealand Dollar spent the first part of Wednesday's session relatively calm against the US Dollar. This lack of direction changed by the middle of the day when the currency pair fell 60-pips and consequently breached the weekly and the monthly pivot points at 0.6885 and 0.6850.

Further decline occurred during the Asian session on Thursday send the pair crashing 30 pips more.

However, the NZD/USD currency exchange rate stopped it decline mid-session and retrace north toward the up border of a descending pattern.

Everything being equal, a breakout could be expected within the following session.    

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