NZD/USD temporary surge

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

Positions Today Yesterday % Change
Longs 33% 38% -15.15%
Shorts 67% 62% 7.46%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Sell Buy Buy
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

The New Zealand Dollar has been depreciating in a channel down against the US Dollar since it reached the high at 0.7438 on January 24. The pair had broken all previously drawn pattern during the past week's trading sessions. 

By the beginning of Monday's trading session, the pair made a temporary surge. However, the surge was stopped by the weekly pivot point at the 0.7334 mark. Afterwards, it was pushed the price further south. 

During the near future, the New Zealand Dollar is likely to continue to dwindle against the US Dollar until it finds support at the monthly PP at 0.7248.

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