NZD/USD reaches 0.74 mark

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

Positions Today Yesterday % Change
Longs 34% 34% 0.00%
Shorts 66% 66% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Sell Sell Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

By the middle of Wednesday's trading session the New Zealand Dollar had extended its gains against the US Dollar and booked a new high level. Namely, the 0.74 mark had been reached. 

However, the move had resulted in a stop just before 12:00 GMT. The pair had reached the upper trend line of a dominant channel up pattern. Due to that reason the situation needs to be watched closely, as a short term retracement might occur. 

Although, because the recent surge was caused by large scale fundamental events, the pair might also break the trend line's resistance and head for the 0.7425 mark, where the weekly R3 is located at.

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