NZD/USD surge after Kiwi overnight rate

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

 Positions Today Yesterday Change
 Longs 51% 47% 7.8%
 Shorts 49% 53% -8.2%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Sell Sell Buy
 RSI(14) Sell Neutral Neutral
 Stochastic(5;3;3) Neutral Buy Neutral
 Alligator(13;8;5) Neutral Sell Buy
 SAR(0.02;0.2) Buy Sell Buy
 Aggregate
The New Zealand Dollar traded with low volatility against the US Dollar on Tuesday. However, the situation where different during the Asian session on Thursday. The currency pair gained about 1.8-% of its values.

The surge was attributed to a fundamental event that occurs during the morning hours of today's trading session. The Official Cash Rate from New Zealand remained unchanged.


As for the nearest future, it is likely that bearish traders will push the currency exchange rate lower towards a support level at 0.6774.  

Although, a support cluster is located near the 0.6815 area, which could provide support for the rate.

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