NZD/USD about to break from triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 32% 35% -9.37%
Shorts 68% 65% 4.41%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

Due to the 55-hour SMA, the NZD/USD failed to slide down in the early Monday morning. In contrast, it gave a new impulse to resume the surge towards the 0.7357 mark, which represents a new six-month record. Simultaneously, such outcome led to formation of a short-term ascending triangle with two confirmation points from the top and two from the bottom. In accordance with the technical theory, the pair is expected to breakout upwards. Fortunately, this scenario is support not only by the above 55-hour SMA, but also by the updated weekly PP at 0.7306 as well as the 20-hour SMA near 0.7337.If this scenario materializes, the Kiwi might get a momentum strong enough to jump to the updated weekly R1 at 0.7411.

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