NZD/USD breaks channel - Technical Analysis - Dukascopy Bank
Tue, 06 Oct 2020 08:55:32 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
49%
53%
-7.3%
Shorts
51%
47%
7.1%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Sell
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Sell
Neutral
Alligator(13;8;5)
Buy
Neutral
Buy
SAR(0.02;0.2)
Sell
Sell
Sell
Aggregate
⇒
⇘
⇒
The New Zealand Dollar edged higher by 24 points or 0.35% against the US Dollar on Monday. The currency pair tested the monthly pivot point at 0.6633 during yesterday's trading session.
The exchange rate breached the lower boundary of an ascending channel pattern on Tuesday morning. Most likely, the NZD/USD pair could continue to decline within this session.
Though, the 100– hour simple moving average at 0.6631 could provide support for the currency exchange rate in the short-term.
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