NZD/USD back above 0.72

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

Positions Today Yesterday % Change
Longs 33% 36% -9.09%
Shorts 67% 64% 4.48%
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 find support against the US Dollar, and it is almost clear where it is going to end the Friday's trading session. Due to the fact that the currency exchange rate has passed a very significant cluster of resistance, the pair is set to continue its surge. The main reason is that the cluster began to provide support in the second half of Friday's trading. The cluster consists of the 55-, 100- and 200-hour SMAs and the 23.60% Fibonacci retracement level and is located in the 0.7235/0.7212 area. This strong support should provide the Kiwi with the necessary strength to surge up to the weekly R1 located at the 0.7254 mark.

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