NZD/USD falling wedge pattern

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

Positions Today Yesterday % Change
Longs 59% 50% 15.25%
Shorts 41% 50% -21.95%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Buy
Alligator (13; 8; 5) Sell Sell Neutral
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

The New Zealand Dollar has been trading in a falling wedge pattern against the US Dollar since the middle of December. The currency pair was bounded between support and resistance area since the beginning of the holiday season.

Everything being equal, it is likely that the currency exchange rate edges lower within this session.

However, a support level formed by the monthly S1 at 0.6683 might prevent the NZD/USD currency pair from falling today.

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