NZD/USD breakout occurs

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs64%60%5.9%
Shorts36%40%-10.5%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)BuyBuySell
Aggregate

The New Zealand Dollar appreciated about 0.97% in value against the US Dollar on Friday. The 50-hour simple moving average provided support for the currency pair at 0.6627.

However, today's trading session began with a bearish sentiment. By the middle of the trading day, a breakout occurred through the lower boundary of an ascending channel pattern.

Given that a breakout had occurred, it is likely that the NZD/USD currency exchange rate will aim for a support level formed by the 200-hour SMA at 0.6580 during the following trading session.

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