NZD/USD finds support at 100-hour SMA

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

Positions Today Yesterday % Change
Longs 54% 50% 7.41%
Shorts 46% 50% -8.70%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

The New Zealand Dollar was stranded between the 200-, 55– and 100-hour SMAs during the most session on Wednesday.  

This trading range was abandoned following New Zealand's GDP release at 2145GMT late in the evening. Even though the data was in line with expectations, bulls managed to push the rate up to the 0.7015 mark. 

Technical indicators flash bullish signals even though two channels point to a possible decrease. The former scenario might occur if all three SMAs come together, thus forming a strong support cluster. The nearest resistance is set by the upper channel boundary near 0.7040. 

On the other hand, the 200-hour SMA should be the ultimate low for the day.

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