NZD/USD breakout occurs

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

 Positions Today Yesterday Change
 Longs 40% 52% -30.0%
 Shorts 60% 48% 20.0%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Buy Buy Buy
 RSI(14) Neutral Neutral Neutral
 Stochastic(5;3;3) Neutral Neutral Neutral
 Alligator(13;8;5) Neutral Buy Buy
 SAR(0.02;0.2) Sell Buy Buy
 Aggregate

Downside risks have dominated the New Zealand Dollar against the US Dollar since Wednesday's trading session. A breakout through the lower boundary of an ascending channel pattern at 0.6844 occurred during the Asian trading session on Thursday. 

Given that a breakout had occurred, it is likely that the currency exchange rate will continue its decline within this session. The potential downside target will be near a support level at 0.6767. 

However, technical indicators on the daily time frame demonstrate that an upside movement is likely to continue today.

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