NZD/USD supported by monthly PP

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

Positions Today Yesterday % Change
Longs 63% 59% 6.35%
Shorts 37% 41% -10.81%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Sell Neutral
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

No massive changes occurred to the New Zealand Dollar against the US Dollar. The currency pair was moving sideways during the previous session.  

The NZD/USD exchange rate is currently trading near the monthly PP at 0.6665. A breakout from this support level is likely within this session. A possible further target could be the 0.6640 where the weekly PP and the 100-hour SMA are located. 

However, technical indicators suggest that this decline might not be immediate. The pair could re-test the 50-hour SMA at 0.6680.

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