NZD/USD breakout occurs

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs54%52%3.6%
Shorts46%48%-4.2%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)NeutralBuySell
SAR(0.02;0.2)SellBuyBuy
Aggregate

The New Zealand Dollar has declined by 117 pips or 1.91% against the US Dollar since yesterday's trading session. A breakout occurred through the lower boundary of an ascending channel pattern during the Asian session on Wednesday.

Given that a breakout had occurred, the NZD/USD currency pair will most likely continue to decline within this session. Bearish traders could aim for the weekly support line at 0.5939.

Although, the currency exchange rate could make a brief retracement towards the 0.6060 area today before it continues the downward move.

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