NZD/USD breakout could occur

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs29%35%-19.1%
Shorts71%65%7.8%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)SellNeutralSell
Stochastic(5;3;3)SellNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuyBuy
Aggregate

Upside risks pressured the New Zealand Dollar higher against the US Dollar on Friday. The NZD/USD currency pair surged by 108 pips or 1.50% during Friday's trading session.

Everything being equal, the exchange rate could continue to trend up during the following trading session. A breakout through the upper boundary of an ascending channel pattern could occur.

However, the currency exchange rate might make a brief pullback towards the weekly pivot point at 0.7254 within this session.

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