NZD/USD breaks pattern

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

Positions Today Yesterday % Change
Longs 54% 62% -14.81%
Shorts 46% 38% 17.39%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Buy
Stochastic (5; 3; 3) Neutral Neutral Buy
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

The New Zealand Dollar versus the US Dollar has revealed a new junior ascending channel on Thursday. The exchange rate broke the medium-term descending channel yesterday.

As shown on the 1(H) chart, the pair was pressured by the 200-hour simple moving average and the weekly PP. Moreover, the currency pair could breach the weekly R1 at 0.6598 in this session.

Everything being equal, It is likely that the NZD/USD currency exchange rate remains moving in the newly formed ascending channel during the following trading session. 

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