NZD/USD falls below SMAs

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

Positions Today Yesterday % Change
Longs 56% 45% 19.64%
Shorts 44% 55% -25.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Buy Neutral Neutral
Stochastic (5; 3; 3) Buy Neutral Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

Bears prevailed on Tuesday, thus pushing the New Zealand Dollar lower against the US Dollar. The currency pair has been maintaining the junior descending pattern since June 14.

Some slight downside potential is still showing in the market. Thus, it is expected that the currency pair tests the support cluster formed by the combination of the weekly and monthly pivot points near the 0.6782 mark.

In general, the following trading sessions should still show some appreciation that could change to the opposite direction before the end of this week trading session.

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