NZD/USD two scenarios likely

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs52%58%-11.4%
Shorts48%42%12.2%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)NeutralBuySell
SAR(0.02;0.2)SellBuyBuy
Aggregate⇒⇗⇒

[ANNOUNCE]The New Zealand Dollar surged by 95 basis points or 1.54% against the US Dollar on Monday. The currency pair tested the lower boundary of an ascending channel pattern during the Asian session on Tuesday. [/ANNOUNCE]

As for the near future, the exchange rate could continue to decline. A breakout through the lower boundary of an ascending channel pattern could occur within this session.

However, if the currency exchange rate breaks the weekly PP at 0.6092, a surge towards the 0.6140 could be expected during the following trading session.

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