NZD/USD bullish sentiment today

Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 56% 59% -5.36%
Shorts 44% 41% 6.82%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Buy Buy
Stochastic (5; 3; 3) Neutral Neutral Buy
Alligator (13; 8; 5) Neutral Sell Sell
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

Bullish momentum primarily guided the New Zealand Dollar against the US Dollar on Thursday. The currency pair strengthens its position during the end of yesterday trading session. By the middle of Friday's session, the exchanged rate has tested a one-week resistance level at 0.6608. Furthermore, the 100-hour simple moving average was providing support for the pair at 0.6579. By and large, it is likely that the NZD/USD currency exchange rate continues its northern journey during the following trading session until it breaks the newly formed junior ascending channel.  

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