NZD/USD remains near 0.6460

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs54%65%-20.6%
Shorts46%35%24.3%
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)BuyBuyNeutral
Stochastic(5;3;3)NeutralBuyBuy
Alligator(13;8;5)SellSellBuy
SAR(0.02;0.2)SellSellSell
Aggregate⇘⇒⇗

[ANNOUNCE]The New Zealand Dollar declined by 39 basis points or 0.61% in value against the US Dollar on Friday. The 50– hour simple moving average has continued to pressure the currency pair lower. [/ANNOUNCE]

The exchange rate is currently trading near the lower boundary of a descending channel pattern at 0.6457 and could be set for a breakout.

If the breakout occurs, the NZD/USD pair will most likely continue to trade bearish in the shorter term.

However, if the descending channel holds, a surge towards the 0.6504 could be expected today.

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