NZD/USD within trading range

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

Positions Today Yesterday % Change
Longs 60% 60% 0.00%
Shorts 40% 40% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Buy Neutral Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

No significant changes occurred in the positioning of the NZD/USD currency pair on Tuesday. Lack of outside pressure resulted in the rate to remain within a trading range. However, the price still managed to breakout out through the upper boundary of a dominant descending channel by the end of the session.

The New Zealand Dollar failing to pick up momentum during the previous session allows bearish sentiment to come into play during the morning hours of Wednesday's trading session.

Given that the currency exchange rate has breached the 50-hour simple moving average, the next targets for bears traders could be the 100-hour or the 200-hour SMAs during the following trading session.  

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.