NZD/USD flag pattern formed

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

Positions Today Yesterday % Change
Longs 45% 41% 8.89%
Shorts 55% 59% -7.27%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Sell Buy
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

The previous expectations for the NZD/USD currency exchange rate have been fulfilled. The pair reached the upper boundary of a dominant channel during the early hours of Wednesday's.

By the end of the European trading session, the currency pair had been trading with low volatility. Meanwhile, a flag pattern was formed.

As for near future, the pair is set for a breakout to either direction from the flag pattern. In addition, the daily market sentiment still remains bullish.

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