NZD/USD stopped by 100-hour SMA

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

Positions Today Yesterday % Change
Longs 54% 61% -12.96%
Shorts 46% 39% 15.22%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

The New Zealand Dollar was weakening against the Greenback for two trading session. This fall, however, was stopped by the weekly S1 at 0.6824 and the lower boundary of a four-week channel. 

Upside risks prevailed mid-session when worse-than-expected US labour data put downward pressure on the US Dollar. The given surge was not significant, as the monthly PP and the 100-hour SMA disrupted any intentions to edge above the 0.6866 mark. 

It is unlikely that this area is surpassed in this session; thus, the most probable direction for the pair is south. As apparent on the chart, the nearest support is the distant weekly S1 at 0.6824. This area might be reached, but a breakout is not expected.

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