NZD/USD targets at 0.6866

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

Positions Today Yesterday % Change
Longs 56% 52% 7.14%
Shorts 44% 48% -9.09%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

As expected, a resistance level formed by the upper boundary of an ascending channel pattern hindered the New Zealand Dollar to gain further strength against the US Dollar on Thursday.

Technical indicators demonstrate that the currency exchange rate will continue to edge higher during the following trading session.

However, it is likely that the NZD/USD exchange rate move towards a support level near the 100-hour simple moving average at the 0.6866 area within this trading session.

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