NZD/USD potential breakout

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

Positions Today Yesterday % Change
Longs 55% 54% 1.82%
Shorts 45% 46% -2.22%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Buy Neutral Neutral
Stochastic (5; 3; 3) Buy Buy Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

The New Zealand Dollar has depreciated about 80 base points against the US Dollar since Thursday session. The currency pair tested the lower boundary of a descending channel at 0.6476 during the Asian session on Friday.

Given that the NZD/USD currency pair is closer to the bottom border of the channel pattern, a breakout could be expected within this session. 

If this breakout occurs, the currency exchange rate might aim at a support cluster formed by the combination of the weekly and the monthly pivot points at 0.6410 during the coming hours.

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