NZD/USD target at 0.6834

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs44%54%-23.6%
Shorts56%46%18.2%
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)NeutralSellBuy
SAR(0.02;0.2)BuySellBuy
Aggregate

The New Zealand Dollar appreciated about 56 base points against the US Dollar on Friday. The surge was stopped by a resistance level formed by the 200-hour simple moving average at 0.6810.

A breakout occurred through the upper boundary of a descending channel pattern at 0.6806 during the European trading session on Monday.

As for the short-term future, it is likely that the currency exchange rate surge towards a resistance level at 0.6834.

On the other hand, the NZD/USD pair could reverse from the current price level and aim for a support cluster at 0.6783 during the following trading session.

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