NZD/USD rally continues

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

Positions Today Yesterday % Change
Longs 39% 45% -15.38%
Shorts 61% 55% 9.84%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Neutral Sell Buy
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

Bulls continue their dominance over the NZD/USD exchange rate. As shown on the chart, the Australian Dollar is gradually moving upward against the US Dollar. 

After hitting the 50.00% Fibonacci retracement level, the currency pair made a U-turn north. However, the 200– hour simple moving average was restricting the rate from making any further gain. This retracement can be measured by connecting the high at 0.7263 and the low at 0.7154.

As for near future, the currency exchange rate is likely going to continue its bullish movement until it breaches the monthly pivot point at 0.7261.

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