NZD/USD set for breakout

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

 Positions Today Yesterday Change
 Longs 51% 47% 7.8%
 Shorts 49% 53% -8.2%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Sell Sell Buy
 RSI(14) Sell Neutral Neutral
 Stochastic(5;3;3) Neutral Buy Neutral
 Alligator(13;8;5) Neutral Sell Buy
 SAR(0.02;0.2) Buy Sell Buy
 Aggregate

The New Zealand Dollar appreciated about 62 base points against the US Dollar on Friday. The 50– hour simple moving average provided support for the currency pair at 0.6821 during Friday's session.

Everything being equal, it is likely that the NZD/USD exchange rate decline towards a support cluster formed by the combination of the weekly, the monthly PPs and the 100-hour SMA at 0.6816. 

However, technical indicators suggest otherwise. Technical sentiment demonstrates that the currency exchange rate will continue to trade in a junior ascending channel within this session.

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