NZD/USD extends gains

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

Positions Today Yesterday % Change
Longs 40% 45% -12.50%
Shorts 60% 55% 8.33%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Neutral Buy
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

Following a short period of decline during the previous session, the New Zealand Dollar has managed to regain some of its lost positions on Tuesday. Gains, however, were limited due to the upper boundary of a dominance channel.

Technical indicators suggest another surge towards the distant monthly R1 and the weekly R2 near the 0.7377 mark during the next 24 hours.

Everything being equal, the Greenback is likely to continue accelerating against the Kiwi until its breach the upper boundary of a dominant channel. Meanwhile, traders should look for opportunities to trade if the resistance cluster holds.

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