NZD/USD moving towards target

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

Positions Today Yesterday % Change
Longs 56% 47% 16.07%
Shorts 44% 53% -20.45%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Buy Neutral Neutral
Alligator (13; 8; 5) Sell Buy Neutral
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

Bearish momentum pressured the New Zealand Dollar versus the US Dollar on Wednesday. As a result, the Kiwi lost about 73 base points of its values during the previous trading session.

Today's session began with a decline, and by the middle of the Thursday's trading session, the currency pair was trading near the 0.6720 mark.

The potential target for the currency exchange rate during the next 24hrs will be at a swing low of 0.6672.

However, the pair could reversal from current price level and aim for a resistance of the weekly and the monthly PPs at 0.6796.

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