NZD/USD reveals new patterns

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

Positions Today Yesterday % Change
Longs 35% 39% -11.43%
Shorts 65% 61% 6.15%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Buy Sell Sell
Alligator (13; 8; 5) Buy Sell Buy
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

The resistance level, which was suggested to be taken into account previously, has stopped the Kiwi's surge against the Greenback once again. Due to that reason the pair has declined.

Moreover, the high levels have been used to map two additional patterns. First of all there is the new junior descending pattern, which will guide the rate lower in the near future. Secondly, there is a larger scale channel up pattern. 

All in all, during the next 24 hours the pair is most likely going to recover after the losses suffered on Monday. However, in the process, it will face the resistance of the 55 and 100-hour SMAs, at 0.7317 and 0.7308 levels.

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