NZD/USD breaches channel pattern

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs70%63%10.0%
Shorts30%37%-23.5%
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)BuyBuyNeutral
Stochastic(5;3;3)BuyBuyBuy
Alligator(13;8;5)SellSellBuy
SAR(0.02;0.2)SellSellSell
Aggregate⇒⇒⇗

[ANNOUNCE]The New Zealand Dollar depreciated by 34 basis points or 0.54% in value against the US Dollar on Monday. The currency pair breached the lower boundary of a descending channel pattern at 0.6381 during yesterday's trading session. [/ANNOUNCE]

Everything being equal, the exchange rate could slightly edge higher within this session. The possible target for the NZD/USD pair will be at the weekly pivot point 0.6433.

However, technical indicators demonstrate that the currency exchange rate could continue to decline during the following trading session.

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