NZD/USD potential breakout

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

Positions Today Yesterday % Change
Longs 57% 57% 0.00%
Shorts 43% 43% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Buy
Stochastic (5; 3; 3) Sell Neutral Neutral
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

The New Zealand Dollar appreciated about 66 base points against the US Dollar on Thursday. The currency pair tested the upper boundary of an ascending channel at 0.6533 during the end of the previous session. 

Currently, the NZD/USD currency pair is trading near the upper border of the channel and be set for a breakout.

If this breakout occurs, the next target for the currency exchange rate will be near the weekly R1 at 0.6569.

However, if that border holds, the price could make a brief pullback towards a support cluster formed by the weekly PP and the 200-hour SMA at 0.6496 during the following trading session.

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