NZD/USD reveals new pattern

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

Positions Today Yesterday % Change
Longs 46% 44% 4.35%
Shorts 54% 56% -3.70%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Buy
Alligator (13; 8; 5) Sell Sell Buy
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

The New Zealand Dollar has maintained its gradual move south against the US Dollar.  However, a newly-formed junior ascending channel has been spotted, as can be observed on the chart.

Due to Easter holiday, all banking sector in the United States is closed as a result, the market is relatively calm and the  NZD/USD currency pair is trading with low volatility.

Everything being equal, the Kiwi is likely to rally against the Greenback until it re-test the upper boundary of the channel up. Nevertheless, it is important to note that the rate might have to breach the 100– hour SMA before such movement occurs.

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