NZD/USD awaits US fundamental release

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

 Positions Today Yesterday Change
 Longs 42% 51% -21.4%
 Shorts 58% 49% 15.5%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Sell Buy Buy
 RSI(14) Neutral Neutral Neutral
 Stochastic(5;3;3) Neutral Neutral Neutral
 Alligator(13;8;5) Sell Buy Buy
 SAR(0.02;0.2) Sell Buy Buy
 Aggregate

The New Zealand Dollar edged lower against the US Dollar on Thursday. The currency pair breached a support cluster formed by the combination of the monthly and weekly pivot points at 0.6834.

Currently, the exchange rate is testing a resistance level formed by the weekly PP at 0.6823. If this resistance line holds, a decline towards a support level set by the monthly S1 at 0.6775 could be expected within this session.

Although, if the NZD/USD pair passes the 0.6824 mark, the next target for bullish traders will be near the 100-hour simple moving average at 0.6861.

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