NZD/USD shows new patterns

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

Positions Today Yesterday % Change
Longs 39% 38% 2.56%
Shorts 61% 62% -1.64%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Sell Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Neutral
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

The New Zealand Dollar has extended the decline against the US Dollar, and pressed for a larger review. Namely, the decline confirmed that the previous forecast was wrong. 

However, after the full review, it can be seen that the currency exchange rate recently met with the upper trend line of a massive ascending channel pattern. 

By the middle of Wednesday, the descent of the rate had passed the support of the previously active ascending pattern and was about to be squeezed near 0.7270. Although. it was expected that the rate would break to the downside and begin to decline down to the 0.7220 mark.

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