NZD/USD formed new pattern

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

Positions Today Yesterday % Change
Longs 41% 40% 2.44%
Shorts 59% 60% -1.69%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Buy Sell Sell
Alligator (13; 8; 5) Sell Sell Buy
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

The New Zealand Dollar has stopped its decline against the US Dollar. The currency pair encounter low volatility during the first part of Tuesday's trading session.

Given that the pair is moving towards the upper boundary of a dominant channel, a breakout is like to occur within this session. If and when this occurs, it could find a resistance set by the 200-hour simple moving average. 

Everything being equal, it is likely that the exchange rate should continue moving in the newly formed ascending channel. In addition, technical indicators flash mixed signals.

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