NZD/USD extends decline

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

Positions Today Yesterday % Change
Longs 54% 49% 9.26%
Shorts 46% 51% -10.87%
Indicator 4H 1D 1W
MACD (12; 26; 9) Neutral Neutral Buy
RSI (14) Sell Sell Neutral
Stochastic (5; 3; 3) Buy Buy Buy
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

Bears continue their dominance over the NZD/USD currency pair. As shown on the chart, the exchange rate has breached both the monthly and the weekly pivot points near the 0.6929 area.

A strong resistance formed by the 55– hour simple moving average pressurized the Kiwi to decline further south. However, the decline has been stopped briefly by the weekly S2.

As for near future, the currency exchange rate is likely to continue to decline until it encounters a strong support set by the weekly PP at 0.6872. Meanwhile, technical indicators flash mixed signals.

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