NZD/USD bounces off 0.72 level

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

Positions Today Yesterday % Change
Longs 43% 42% 2.33%
Shorts 57% 58% -1.75%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Neutral
Alligator (13; 8; 5) Sell Sell Buy
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

On Friday morning Kiwi once more confirmed the support line of the most dominant pattern against the US Dollar. Moreover, the pair managed to break through the resistance of the 55-hour SMA at the 0.7220 mark. 

It is most likely that until the speech of Janet Yellen in Jackson Hole at the central banker symposium the rate will continue to surge. 

During that surge it is highly possible that the pair will reach the resistance of the monthly S1 at the 0.7246 level. Moreover, the monthly level of significance will be strengthened by the 100-hour simple moving average.

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