NZD/USD trades above 0.72 mark

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

Positions Today Yesterday % Change
Longs 29% 34% -17.24%
Shorts 71% 66% 7.04%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Sell Sell Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The New Zealand Dollar has managed to break through the resistance of the 23.60% Fibonacci retracement level, which is located at the 0.7221 mark, against the US Dollar. However, the pair was stopped by the upper trend line of the dominant pattern just below the 0.7230 level. Most likely, the currency exchange rate will continue to trade between the mentioned resistance levels and the support cluster below it. The Kiwi is supported against the Greenback by the combined support of the 55- and the 100-hour SMAs just above the 0.72 mark and the lower trend-line of a medium term rising wedge pattern. It is still expected that the currency pair may break the wedge and begin a medium-term decline.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.