NZD/USD likely to continue bullish trend

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs32%41%-27.9%
Shorts68%59%13.3%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)SellSellNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuyBuy
Aggregate⇗⇗⇗

[ANNOUNCE]The New Zealand Dollar has surged by 60 basis points or 0.92% against the US Dollar since Friday's trading session. The currency pair was guided up by the 50– hour simple moving average. [/ANNOUNCE]

All thing being equal, the NZD/USD exchange rate will most likely continue to trend bullish within this session. Bulls could aim at the weekly resistance level at the 0.6580 area.

A potential downside reversal could occur from the weekly resistance line, as mentioned above during the following session.

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