NZD/USD could edge up - Technical Analysis - Dukascopy Bank
Wed, 07 Oct 2020 08:20:46 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
49%
49%
-0.1%
Shorts
51%
51%
0.1%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Sell
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Neutral
Sell
Buy
SAR(0.02;0.2)
Sell
Sell
Sell
Aggregate
⇘
⇘
⇒
New Zealand's currency declined by 71 basis points or 1.07% against the US Dollar on Tuesday. The currency pair breached the 200– hour simple moving average during Tuesday's trading session.
The NZD/USD exchange rate bounced off the bottom border of an ascending channel pattern on Wednesday morning. Most likely, bullish traders could push the price higher within this session.
However, technical indicators demonstrate that the currency exchange rate might continue to decline during the following trading session.
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