NZD/USD breakout could occur

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs25%28%-10.4%
Shorts75%72%3.5%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)SellSellNeutral
Stochastic(5;3;3)SellSellNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)BuyBuyBuy
Aggregate⇒⇒⇒

[ANNOUNCE]The New Zealand Dollar surged by 68 pips or 1.07% against the US Dollar on Wednesday. The currency pair tested the upper boundary of an ascending channel pattern at 0.6438 during Wednesday's trading session. [/ANNOUNCE]

As for the near future, bearish traders could pressure the price lower. The potential target for sellers could be near a support cluster at the 0.6300 level.

However, given that the currency exchange rate is trading near the upper boundary of an ascending channel, a breakout could occur during the following trading session.

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