NZD/USD bounces off weekly PP

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs29%28%5.0%
Shorts71%72%-2.0%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralSellNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)SellBuyBuy
Aggregate⇒⇗⇒

[ANNOUNCE]The New Zealand Dollar declined by 128 pips or 1.96% against the US Dollar on Thursday. The currency pair breached the lower boundary of an ascending channel pattern during yesterday's trading session. [/ANNOUNCE]

The exchange rate bounced off the weekly pivot point at 0.6405 during the European session on Friday. Most likely, buyers will continue to pressure the NZD/USD pair higher today.

However, the 50– hour simple moving average at 0.6487 could provide resistance for the currency exchange rate during the following trading session.

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