NZD/USD upside risks prevails

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

Positions Today Yesterday % Change
Longs 55% 60% -9.09%
Shorts 45% 40% 11.11%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Buy
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

The NZD/USD currency pair was constrained by upside risks on Friday trading session. Nevertheless, the gains were stopped by the weekly pivot point at the 0.6964 regions.

During the European session on Monday, the currency pair was trading in a relatively calm manner, as the rate as gradually moving south. However, the monthly pivot point at 0.6944 was proving support for the pair.

On the four-hour time frame, technical indicator demonstrates that bulls are likely to grow stronger with the next 24hrs. While on the weekly time-frame, it suggests that bearish sentiment could dominate this week.

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