NZD/USD set for more gains

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

Positions Today Yesterday % Change
Longs 45% 59% -31.11%
Shorts 55% 41% 25.45%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Sell Neutral
Stochastic (5; 3; 3) Sell Buy Sell
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

After confirming a medium term channel up pattern's lower trend line on Tuesday morning, the New Zealand Dollar looked like ready to surge against the Greenback. 

As the currency exchange rate bounced against the support of the medium pattern, it passed the resistance of the 50.00% Fibonacci retracement level at the 0.7170 mark and the 55-hour SMA just above it. 

It is expected that the rate will surge up to the resistance of the most dominant channel near the 0.7220 mark. 

During that move the pair is likely going to be supported by the already mentioned support of the medium term channel and the 55-hour SMA.

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