NZD/USD likely to edge higher

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs25%26%-1.0%
Shorts75%74%0.3%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralSellNeutral
Stochastic(5;3;3)NeutralSellSell
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuyBuy
Aggregate

The New Zealand Dollar declined by 55 points or 0.83% against the US Dollar on Tuesday. The currency pair tested the support level at 0.6630 during yesterday's trading session.

The exchange rate began Wednesday's trading session with bullish momentum. Most likely, bulls could pressure the NZD/USD pair towards the weekly R1 at 0.6707.

Although, the currency exchange rate could make a downside reversal from the 0.6692 within this session.

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