NZD/USD breaks channel

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs49%53%-7.3%
Shorts51%47%7.1%
Indicator4H1D1W
MACD(12;26;9)BuySellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuyNeutralBuy
SAR(0.02;0.2)SellSellSell
Aggregate⇒⇘⇒

[ANNOUNCE]The New Zealand Dollar edged higher by 24 points or 0.35% against the US Dollar on Monday. The currency pair tested the monthly pivot point at 0.6633 during yesterday's trading session.[/ANNOUNCE]

The exchange rate breached the lower boundary of an ascending channel pattern on Tuesday morning. Most likely, the NZD/USD pair could continue to decline within this session.

Though, the 100– hour simple moving average at 0.6631 could provide support for the currency exchange rate in the short-term.

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