NZD/USD confirms channel down pattern

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

Positions Today Yesterday % Change
Longs 36% 44% -22.22%
Shorts 64% 56% 12.50%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Sell Buy Buy
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

The charted channel, which was drawn on Tuesday, on the NZD/USD hourly chart was once more confirmed when the lower trend line managed to force a rebound of the pair. 

However, the decline down to the trend line did not occur, as previously expected, as the rate still made numerous attempts to break above the previously active ascending pattern's support line's resistance. Only after the 55-hour SMA approached from the north the rate began a decline, which managed to pass the support of the 200-hour SMA.

In regards to the near future, any scenario is possible, as the only near by technical level is the support line of the rather small scale channel down pattern.

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