NZD/USD extends gains

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

Positions Today Yesterday % Change
Longs 53% 57% -7.55%
Shorts 47% 43% 8.51%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Buy
Stochastic (5; 3; 3) Neutral Sell Buy
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

Upside momentum continues to prevail with the NZD/USD currency pair, thus pushing it higher for the fourth consecutive trading session. This short-term appreciation has sent the Kiwi to a two-week high level at 0.6673.

By the middle of Tuesday session, the exchange rate has reached the upper boundary of a narrow ascending channel. Furthermore, the 55-, 100-, and 200-hour SMAs have fallen below the price action.

Given that the three SMAs are below the price on the one-hour time frame, it is likely that the bullish sentiment could continue to dominate the currency exchange rate within this session.

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