NZD/USD could edge lower

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs62%67%-8.4%
Shorts38%33%13.6%
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralBuy
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuySellSell
SAR(0.02;0.2)BuyBuySell
Aggregate⇗⇘⇘

[ANNOUNCE]The New Zealand Dollar declined by 64 pips or 1.06% in value against the US Dollar on Monday. The decline was stopped by the 50– hour simple moving average during yesterday's trading session. [/ANNOUNCE]

Everything being equal, the exchange rate could continue to decline. A potential breakout through the lower boundary of an ascending channel pattern could occur during the following trading session.

However, a support level formed by the 100– hour simple moving average at 0.5944 could provide support for the NZD/USD currency exchange rate in the shorter term.

Actual Topics