As a result of reaching resistance level 0.8435 New Zealand Dollar corrected down to the bottom of the channel, located near the rate of 0.8365. Forex market is now slightly increases from the bottom of the channel. It is worth noting that the 50 - period moving there turn up, and moving from a period of 100 shows a moderate decrease. At the moment the market dominates the long-term direction of the lateral movement of a possible trend reversal up, proof of which is the maximum convergence of moving averages with periods of 100 and 50 together.
The analysts of Masterforex-V Academy note that the upward trend of the price channel may indicate a predominance of "bullish" sentiment in the market at the moment. Stochastic started to fall in and out of the overbought. Oscillator MACD is in the positive zone and rising. In return for RSI today, September 23, 2013, can be seen lateral movement in the overbought zone. Consolidation pair NZD / USD is a number of reasons and factors. In particular, the improved index PMI index for the manufacturing sector from HSBC China, with which New Zealand has close economic ties.
