NZD/USD bullish momentum

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

Positions Today Yesterday % Change
Longs 59% 61% -3.39%
Shorts 41% 39% 4.88%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Sell Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Neutral
Alligator (13; 8; 5) Buy Neutral Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

The NZD/USD currency pair appreciated by 54 base points on Thursday. The rate tested a resistance level formed by the weekly pivot point at 0.6690 during the end of the previous session.

Currently, the exchange rate is trading near the upper boundary of an ascending channel at 0.6696. From a technical point of view, the price could make a U-turn from the resistance line at 0.6690.

If this resistance level is unable to hold, a breakout through the upper border of the ascending channel could be a possibility during the following trading session.

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