NZD/USD potential breakout

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs71%72%-1.0%
Shorts29%28%2.5%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralBuyNeutral
Stochastic(5;3;3)NeutralNeutralBuy
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)BuySellSell
Aggregate⇒⇘⇘

[ANNOUNCE]The New Zealand Dollar surged by 53 pips or 0.83% in value against the US Dollar on Friday. The currency pair breached the 50– hour simple moving average during Friday's trading session. [/ANNOUNCE]

The exchange rate is currently trading near the lower boundary of a descending channel pattern at 0.6320 and could be set for a breakout.

If this breakout occurs, a decline towards the weekly support level at 0.6281 could be expected today.

However, if the descending channel holds, the currency exchange rate could make a brief upside movement within the following trading session.

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