NZD/USD likely to make some gain today

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Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs57%72%-25.7%
Shorts43%28%34.7%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellNeutralSell
SAR(0.02;0.2)SellBuySell
Aggregate⇘⇒⇘

[ANNOUNCE]The New Zealand Dollar traded sideways movement against the US Dollar on Wednesday. The 50-hour simple moving average provided resistance for the pair during Wednesday's trading session.
[/ANNOUNCE]
Everything being equal, most likely, the NZD/USD currency pair will make some gain today. The potential target for bullish traders will be near the 100– and 200-hour SMAs at 0.6605.

On the other hand, if the currency exchange rate breaks the medium-term ascending channel pattern, the pair might end this week's trading sessions with a decline.

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