NZD/USD reveals short term pattern

Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 41% 43% -4.88%
Shorts 59% 57% 3.39%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Neutral Neutral
Alligator (13; 8; 5) Sell Sell Buy
SAR (0.02; 0.2) Buy Sell Buy
Aggregate
If one ignores the short term touch of the 0.7260 mark, the NZD/USD currency pair trades in a perfect short term ascending channel pattern. 

Moreover, it is consistent with the previously drawn long term pattern and the recent fundamental events could have been foreseen, if one would have read the previously published daily review of the pair. 

Most likely the channel will guide the pair first up to the resistance of the dominant triangle pattern. Although, before that the weekly PP at the 0.7258 level will pause the surge. Afterwards the 200-hour SMA will be touched, which during the start of the second half of Monday's trading the SMA was at the 0.7270 mark.

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