NZD/USD bullish momentum today

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

Positions Today Yesterday % Change
Longs 57% 61% -7.02%
Shorts 43% 39% 9.30%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Buy
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

The situation of the NZD/USD currency pair has changed since the last time the pair was reviewed by the Dukascopy Research team. The New Zealand Dollar reversed from the bottom border of an ascending channel and has since gained more than 94 base points against the US Dollar.

By the middle of the European trading session on Tuesday, the exchange rate has breached all significant resistance. Namely, the 55-, 100-, and 200– hour SMAs and the weekly and monthly PPs.

As for near future, the currency exchange rate could make a brief retracement south within the next trading session.

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