NZD/USD goes below weekly S1

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

Positions Today Yesterday % Change
Longs 31% 34% -9.68%
Shorts 69% 66% 4.35%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Buy Sell
Alligator (13; 8; 5) Sell Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

Contrary to other major currency pairs, the NZD/USD was not affected by release of a set of the US macroeconomic data at 12:30 GMT. The currency rate has successfully bounced off from a combined resistance level formed by the upper-channel line in conjunction with the 100-hour SMA and passed though the weekly S1 at 0.7277, which means that there have left no other barriers on its way downwards. Consequently, the pair is expected to begin the new trading week somewhere around the monthly PP located at the 0.7247 level. Since the channel already has six confirmation points, the above support level might give a strong impulse to break this active pattern.

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