NZD/USD re-tests two-month high

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

Positions Today Yesterday % Change
Longs 42% 42% 0.00%
Shorts 58% 58% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Sell Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The movement of the New Zealand Dollar on Wednesday was guided primarily by the 55-hour SMA and the weekly PP. The former, together with the 100-hour SMA, was breached early today which allowed for a re-test the two-month high at 0.7125. The upward movement has allayed, thus pointing to a soon decline. 

It is likely that the Kiwi is tended south within the following session. This movement, however, might be hindered by the 55– and 100-hour SMAs circa 0.7102, thus leaving the rate above this support cluster for several hours. 

The ultimate low for today should be the 200-hour SMA and the weekly PP at 0.7070. Meanwhile, the northern barrier is provided by the weekly R1 at 0.7156.

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