NZD/USD tests resistance cluster

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs67%75%-10.8%
Shorts33%25%22.2%
Indicator4H1D1W
MACD(12;26;9)SellBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)BuyBuyNeutral
Alligator(13;8;5)SellBuySell
SAR(0.02;0.2)SellBuySell
Aggregate⇘⇑⇘

[ANNOUNCE]The New Zealand Dollar has appreciated about 40 basis points against the US Dollar since yesterday's trading session. The currency pair tested a resistance cluster formed by the weekly pivot point and the 100– and 200– hour SMAs at 0.6377 on Tuesday.[/ANNOUNCE]

Note that the currency exchange rate was restricted by the resistance cluster at 0.637. Therefore, bears could prevail in the market today. A possible target is the 0.6300 mark.

If the psychological support level at 0.6300 holds, a potential upside reversal could occur in the nearest future.

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