NZD/USD passes support level

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

Positions Today Yesterday % Change
Longs 52% 46% 11.54%
Shorts 48% 54% -12.50%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Buy Neutral Neutral
Stochastic (5; 3; 3) Buy Buy Neutral
Alligator (13; 8; 5) Sell Sell Buy
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

The support level, which was reached on the NZD/USD charts on Monday, was passed at midnight between Monday's and Tuesday's trading session on a GMT time frame. 

However, as the surge of the Buck had stopped on most charts, it had also occurred on the NZD/USD charts. The stop of the decline of the New Zealand Dollar against the US Dollar did not have a technical basis.

Due to that reason, if this level serves as a strong enough support for the rate to start breaking notable resistance levels, a full review of the pair will be needed.

Meanwhile, pay attention that there are support levels just below the 0.7090 mark.

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