NZD/USD meets support level at 0.6641

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

Positions Today Yesterday % Change
Longs 66% 63% 4.55%
Shorts 34% 37% -8.82%
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

The New Zealand Dollar traded with low volatility against the US Dollar on Tuesday. The currency pair ended yesterday's trading session with 27 pips move.

By the end of the European session on Wednesday, the exchange rate was trading near the lower boundary of a three-week ascending channel. It is expected that the price breach the support line formed by the weekly PP at 0.6641 and aim for the 200-hour simple moving average at 0.6627.

However, technical indicators suggest that bullish sentiment might come into play during the following trading session.

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