NZD/USD bears market

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs70%64%9.8%
Shorts30%36%-23.3%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralBuyNeutral
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)BuySellSell
Aggregate⇒⇘⇘

[ANNOUNCE]Bearish sentiment pressured the New Zealand Dollar against the US Dollar on Wednesday. The currency pair fell by 0.93% in value during yesterday's trading session.[/ANNOUNCE]

The exchange rate will most likely continue its bearish movement within the following trading session. Technical indicators suggest bearish signals on both the daily and weekly time frame charts.

However, given that the currency exchange rate is trading near the upper boundary of a descending channel pattern at 0.6312, a breakout could occur within the next 24 hours of trading.

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