NZD/USD decline in sight

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

Positions Today Yesterday % Change
Longs 56% 51% 8.93%
Shorts 44% 49% -11.36%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Sell Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Neutral
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

The New Zealand Dollar traded with low volatility against the US Dollar on Monday. The currency pair surged by about 39 base points during Monday's trading session.

The exchange rate was trading near the bottom border of an ascending trendline at 0.6671 during the first part of Tuesday's session. Meanwhile, the 50-hour simple moving average is providing support for the pair at 0.6658.

Everything being equal, it is likely that the NZD/USD currency exchange rate makes a brief downward movement within this session.

The potential target for the Kiwi will be near a support cluster formed by the weekly, the monthly and the 100-hour simple moving average at 0.6623.

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