NZD/USD awaits US data release

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

Positions Today Yesterday % Change
Longs 47% 46% 2.13%
Shorts 53% 54% -1.89%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Sell Sell Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate ⇘ ⇘ ⇗

[ANNOUNCE] The New Zealand Dollar continues to decline against the US Dollar, the pair has already lost more than 80 basis points by the end of the European trading session.[/ANNOUNCE]

After hitting the 61.80% Fibonacci retracement level, the NZD/USD pair made a reverse move south. This retracement can be measured by connecting the low at 0.7198 and the high at 0.7353.

As for near future, the currency pair might make a move in either direction as traders await the US data release which is scheduled by 13:30GMT. In addition, technical indicators flash bearish movement.

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