NZD/USD sets for decline

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

Positions Today Yesterday % Change
Longs 46% 36% 21.74%
Shorts 54% 64% -18.52%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Neutral Buy Buy
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

The previously described scenario on Monday regarding the NZD/USD did not come into reality. A strong resistance set by the 55– hour simple moving average proved to have enough strength to send the currency pair south.  

At the beginning of Tuesday's trading session, the exchange rate was trading below the 100-hour SMA. 

Due to this reason, the NZD/USD pair is likely to remain bearish until the lower boundary of the dominant channel is breached combined with the 200 –hour SMA located near 0.7313.

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