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 ⇗ ⇒ ⇘

[ANNOUNCE]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.
[/ANNOUNCE]
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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