NZD/USD falls by 60 pips

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

Positions Today Yesterday % Change
Longs 25% 31% -24.00%
Shorts 75% 69% 8.00%
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) Sell Sell Buy
Aggregate

Contrary to expectations, an impulse given by the combined resistance level formed by the upper-channel line and the 20-, 55- and 100-hour SMAs was strong enough to throw the currency pair through the monthly PP at 0.7247, the bottom trend-line at 0.7239 and the weekly S1 at 0.7238 one by one. Technical indicators show that by the middle of the day the pair has become oversold, which means a rebound is about to happen soon. However, such h reversal might have a short-term effect since the pair continues to move in a general downtrend. Hence, the drop to the weekly S2 located at the 0.7191 level has a chance to happen in upcoming two-three days.

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