NZD/USD reaches 0.72 mark

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

Positions Today Yesterday % Change
Longs 42% 36% 14.29%
Shorts 58% 64% -10.34%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Neutral
Alligator (13; 8; 5) Sell Sell Buy
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

The fall of the Kiwi against the Greenback continued as expected. However, by the middle of the day's trading the decline of the rate had stopped. The currency exchange rate stopped its decline at the most dominant patterns lower trend line, at the 0.72 mark.

In general, it can be observed that just like other pairs, which have the US Dollar on one or the other side, the NZD/USD has stopped at a critical level in the expectations of the central banker meeting in Jackson Hole. 

Most likely that the pair's future direction will be clear during the speeches. Especially, the speech of the Fed's chairwoman Janet Yellen.

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