NZD/USD stopped by the weekly S2

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

Positions Today Yesterday % Change
Longs 64% 62% 3.13%
Shorts 36% 38% -5.56%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Buy Neutral Neutral
Stochastic (5; 3; 3) Neutral Buy Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

Bears guided the New Zealand Dollar towards the support level formed by the weekly S2 at 0.6533.  

Currently, the pair is testing the upper boundary of a short-term descending channel. Given that technical indicators flash bearish signals both in the short and long terms, it is expected that the pair could go lower to the monthly S1 at 0.6503.  

If given support level holds, the New Zealand Dollar could make a brief retracement towards the 55-hour SMA at 0.6575 within this session.

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