NZD/USD pushes up to 0.69

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

Positions Today Yesterday % Change
Longs 63% 58% 7.94%
Shorts 37% 42% -13.51%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

NZD/USD was trading between the 100-hour SMA and the bottom boundary of a short-term ascending channel on Monday.  

This movement sideways was disrupted by a surge in the wake of the RNBZ Governor's comments about modifications to the country's monetary policy early in this session. The Kiwi dashed through the 200-hour SMA and the weekly PP and remained above both marks. 

Technical indicators flash strongly bearish signals. The nearest support area that could hinder this fall is the monthly PP, the 55– and 100-hour SMAs at 0.6864. This mark is likewise reinforced by the lower boundary of the aforementioned short-term channel. 

In case bulls manage to take the upper hand, possible points of delay is a channel border and the weekly R1 at 0.6920 and 0.6948, respectively.

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