Kiwi remains above 0.72 mark

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

Positions Today Yesterday % Change
Longs 32% 36% -12.50%
Shorts 68% 64% 5.88%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Sell Sell Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The New Zealand Dollar continues on its path higher against the US Dollar on Thursday. Meanwhile, the currency pair remains in a rather strange non-symmetrical ascending channel pattern. During the first half of Thursday's trading session the currency exchange rate was creeping slowly higher by using the mentioned pattern's lower trend line as a support. In additional the 55-hour SMA was clearly approaching the pair from the downside. These factors combined and the support of the monthly R1 at 0.72 mark are providing the arguments needed for the hypothesis of a surge. Due to that it is assumed that the pair will soon reach for the second weekly resistance at 0.7223 level.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.