NZD/USD strong bearish sentiment today

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

Positions Today Yesterday % Change
Longs 52% 83% -59.62%
Shorts 48% 17% 64.58%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Sell
RSI (14) Buy Neutral Neutral
Stochastic (5; 3; 3) Buy Neutral Neutral
Alligator (13; 8; 5) Sell Buy Neutral
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

The New Zealand Dollar has plummeted about 101 base points against the US Dollar since the previous trading session. The currency pair breached the lower boundary of a descending channel pattern at 0.6800 during the Asian session on Friday.

Given that a breakout had occurred, it is possible that bearish traders could push the Kiwi towards a low level of 0.6752 during the following trading session.

Although, a support level formed by the weekly S2 at 0.6770 might hinder the currency exchange rate from edging lower today.

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