NZD/USD bullish momentum today

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

Positions Today Yesterday % Change
Longs 50% 51% -2.00%
Shorts 50% 49% 2.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Buy Neutral
Alligator (13; 8; 5) Neutral Neutral Neutral
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

The New Zealand Dollar traded below the 50-hour simple moving average at 0.6820 against the US Dollar on Monday.

However, the situation changed during the Asian session on Tuesday, as bullish momentum pushed the currency pair towards a resistance level formed by a traditional weekly pivot point at 0.6881.

After hitting the weekly R1 the exchange rate made a brief retracement down. Everything being equal, it is likely that the Kiwi aim at a support level set by the weekly PP at 0.6829 during the following trading session.

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