NZD/USD triangle pattern

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 52% 57% -9.62%
Shorts 48% 43% 10.42%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Neutral Neutral Sell
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

 Bears picked up momentum on Tuesday after the NZD/USD exchange rate hit the upper boundary of a triangle pattern. However, the decline was not too significant as the pair ended the day with just 31 pips decline.

By the middle of the European session on Wednesday, the currency pair has breached the 55-, 100-, and 200-hour simple moving averages and the weekly pivot point at the 0.6804 mark.

Everything being equal, it is likely that the currency exchange rate remained trading in the triangle pattern during the following trading session. In addition, technical indicators flash mixed signals.

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