NZD/USD likely to continue bullish

Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs74%68%8.2%
Shorts26%32%-23.4%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)SellNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)BuyBuySell
Aggregate

The New Zealand Dollar has appreciated by about 48 basis points against the US Dollar since yesterday's trading session. The currency pair breached the monthly R1 at 0.6406 on Thursday.

Everything being equal, the Kiwi will likely to extend its gains against the Greenback within this session. Bullish traders could aim at the upper boundary of an ascending channel pattern at 0.6465.

Furthermore, technical indicators flash bullish signals on the 4(H) and daily-frame charts.

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