NZD/USD reached target

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) Sell Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Sell Sell
Alligator (13; 8; 5) Sell Buy Buy
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

The New Zealand Dollar continues losing ground against the US Dollar. The pair breached the weekly S2 at 0.7193 by the beginning of Thursday's trading session. 

The NZD/USD pair managed to rally some points; however, by the end of the European trading session, the rally was stopped by the weekly pivot near the 0.7248 mark. 

Regarding the near future, the currency exchange rate is likely to maintain the down channel until find support at the monthly pivot point at 0.7147. Technical indicators suggest a sell signal.

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