NZD/USD maintains ascending channel

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

Positions Today Yesterday % Change
Longs 41% 39% 4.88%
Shorts 59% 61% -3.39%
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) Neutral Neutral Buy
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

The New Zealand Dollar strengthened against the US Dollar after the Reserve Bank of New Zealand boosted its inflation expectation on Tuesday morning. The currency exchange rate climbed 29 points to the 0.7304 mark to continue gradual increase. 

By the middle of the European trading session, the currency pair had moved back south for a brief retracement. This brief movement south could be stopped by the monthly pivot point at 0.7293. 

In general, the NZD/USD pair is likely to remain bullish until it breaches the weekly PP at 0.7346.

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