NZD/USD bulls could prevail

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs33%59%-81.9%
Shorts67%41%39.6%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)SellSellNeutral
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuyBuy
Aggregate

Upside sentiment dominated the New Zealand Dollar against the US Dollar on Friday. The NZD/USD currency pair edged higher by 105 basis points or 1.58% during Friday's trading session.

As for the near future, the exchange rate could continue to trend bullish. A breakout through the upper boundary of an ascending channel pattern could occur within this session.

However, the currency exchange rate is likely to make a brief pullback towards the 0.6690 area during the following trading session.

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