NZD/USD aim for retests of 0.6795

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

Positions Today Yesterday % Change
Longs 56% 57% -1.79%
Shorts 44% 43% 2.27%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Neutral
Alligator (13; 8; 5) Buy Buy Neutral
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

The New Zealand Dollar appreciated about 44 base points against the US Dollar on Monday. The currency pair breached Friday's swing high of 0.6843 during yesterday's trading session.

As for the near future, it is likely that the currency pair will re-tests a support cluster formed by the combination of the weekly and the monthly pivot points at 0.6795.

If the support level holds, bullish traders will try to retake control of the market within this session.

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