NZD/USD rebounds from 100-hour SMA

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

Positions Today Yesterday % Change
Longs 29% 32% -10.34%
Shorts 71% 68% 4.23%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Sell Sell
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The NZD/USD moved slipped in line with expectations. Namely, it tried to break through the 50% Fibonacci retracement level located at 0.7457. However, it failed to reach it due to the 100-hour SMA, which blocked the way near 0.7463. As a result, the rate was forced to rebound from this combined support level start moving towards the weekly R1 at 0.7525. Most likely, it will manage to bypass the resistance set up by the 20- and 55-period SMAs near 0.7490. Once the monthly and weekly pivot points will be updated, there will be a clearer picture about the prospects of this pair for the next week. In general, it is expected that the rate will continue to try to set new record highs.

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