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NZD/USD breaches channel pattern

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs72%74%-3.0%
Shorts28%26%7.6%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)BuyBuyNeutral
Stochastic(5;3;3)BuyBuyBuy
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)SellSellSell
Aggregate⇒⇒⇘

[ANNOUNCE]The New Zealand Dollar has declined by 86 basis points or 1.35% in value against the US Dollar. The currency pair breached the lower boundary of a descending channel pattern during the morning hours on Friday. [/ANNOUNCE]

Given that the exchange rate has breached the descending channel pattern, the pair will most likely continue to edge lower within this trading session. The possible target will be at a support cluster formed by the weekly S3 and the monthly S2 at 0.6266.

Furthermore, technical indicators suggest that the currency exchange rate will trade bearish today.

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