NZD/USD likely to maintain channel

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

Positions Today Yesterday % Change
Longs 53% 59% -11.32%
Shorts 47% 41% 12.77%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Sell Buy
Alligator (13; 8; 5) Buy Sell Neutral
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

The New Zealand Dollar appreciated about 50 base points against the US Dollar on Tuesday. The currency pair breached the 50-hour simple moving average at 0.6745 during the end of Tuesday's trading session. 

As for the near future, it is likely that the NZD/USD exchange rate will maintain the junior ascending channel.

The potential upside targets for the currency exchange rate will be near a resistance level formed by the combination of the weekly and the monthly pivot points at 0.6795.

Meanwhile, technical indicators flash bullish signals on the 4(H) time frame chart.

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