NZD/USD potential upside exists

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

Positions Today Yesterday % Change
Longs 53% 56% -5.66%
Shorts 47% 44% 6.38%
Indicator 4H 1D 1W
MACD (12; 26; 9) Neutral Neutral Buy
RSI (14) Neutral Sell Neutral
Stochastic (5; 3; 3) Neutral Neutral Buy
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

The NZD/USD exchange rate was guided by downside risks on Thursday trading session. Nevertheless, this decline was stopped by the lower boundary of a junior ascending channel.

The first part of Friday's session was relatively calm for the currency pair, as the pair was gradually moving north. Meanwhile, the rate has breached the 55– and 100– hour SMAs.

Technical indicators suggest that the currency exchange rate could decline further south within this session. However, the setting of the pair contradict the indicators. It looks like the rate might target the 200– hour simple moving average at 0.69 today.

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