NZD/USD short period of consolidation

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

Positions Today Yesterday % Change
Longs 36% 32% 11.11%
Shorts 64% 68% -6.25%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Buy Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

The New Zealand Dollar has stopped its rally against the US Dollar. The currency pair encountered a short period of consolidation at the end of Monday trading day.  

However, that does not necessarily indicate an upcoming surge. In the second part of Monday's trading session, the exchange rate was approaching the support at the weekly PP at 0.7355.  

Everything being equal, it is expected that NZD/USD could continue moving in an ascending channel as technical indicators flash bullish signals.

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