NZD/USD meets resistance cluster

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

Positions Today Yesterday % Change
Longs 38% 41% -7.89%
Shorts 62% 59% 4.84%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Sell Neutral Buy
SAR (0.02; 0.2) Buy Sell Buy
Aggregate
As it was expected, the New Zealand Dollar extended its gains until it reached the weekly resistance level against the US Dollar. Namely, the pair changed its direction after meeting cluster near 0.7261.  

By the middle of Monday's trading session, the 100—hour simple moving average at 0.7256 was restricting the currency pair for making further movement north.  

In general, the currency exchange rate could continue to rally until it breaches the upper boundary of the dominant channel.

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