NZD/USD tests weekly R1

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs42%31%26.1%
Shorts58%69%-19.0%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)BuyBuyBuy
Aggregate⇗⇗⇒

[ANNOUNCE]The New Zealand Dollar has surged by 88 basis points or 1.42% against the US Dollar since Friday's trading session The currency pair tested the weekly R1 at 0.6264 on Monday morning. [/ANNOUNCE]

If the weekly resistance level holds, bearish traders could pressure the exchange rate lower within this session.

However, if the currency exchange rate breaks the weekly R1, a surge towards the resistance cluster formed by the monthly R1 and the weekly R2 at 0.6330 could be expected during the following trading session.

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