NZD/USD expected pullback

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs71%74%-3.7%
Shorts29%26%9.2%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)SellBuySell
Aggregate⇘⇒⇘

[ANNOUNCE]The New Zealand Dollar has depreciated about 57 basis points against the US Dollar since yesterday's trading session. The exchange rate breached the weekly S1 at 0.6251 on Monday.[/ANNOUNCE]

As for the near future, the NZD/USD currency pair will likely continue to fall. Bearish traders could drag the currency exchange rate towards the lower boundary of a junior descending channel at 0.6209.

If the junior descending channel holds, a brief pullback could be expected during the following trading session.

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