NZD/USD approaches 0.7314

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 36% 36% 0.00%
Shorts 64% 64% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Sell Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The early morning of this trading day confirmed that the NZD/USD moves in a narrow ascending channel. However, an unexpected fall of gold prices pulled the rate out of the channel in the opposite direction. Fortunately, the downfall was prevented by the weekly PP at 0.7264. Afterwards, the pair started to recover, but new fundamental event has shaken the it once again. This time the US macroeconomic data pushed the rate upwards by 25.5 basis points. Due to this reason, the pair is about to test the monthly R2 at 0.7314. A rebound is likely to happen, as this resistance level proved to be a strong barrier. Even if the rate manages to break though it, most likely it will be stopped by the weekly R1 at the 0.7324 level.

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