NZD/USD near medium support

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

Positions Today Yesterday % Change
Longs 36% 35% 2.78%
Shorts 64% 65% -1.56%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Sell Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The NZD/USD pair's previous encounter of the medium ascending channel pattern's lower trend line resulted in a surge. A surge which attempted to break past the resistance levels near the 0.7320 mark twice.

However, by the middle of Friday's trading session the currency pair had retreated below the weekly R1 at 0.73 and below the combined support of the 55 and 100-hour simple moving averages just below the 0.7290 mark. 

Moreover, the pair was about to once more meet with the lower trend line of the medium pattern. If it passes the line, it is likely going to decline down to the 0.7260 mark. At that level a 61.80% Fibonacci retracement level was located.

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