NZD/USD testing resistance cluster - Technical Analysis - Dukascopy Bank
Fri, 09 Oct 2020 08:18:18 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
54%
49%
9.7%
Shorts
46%
51%
-11.2%
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)
Sell
Sell
Buy
SAR(0.02;0.2)
Buy
Sell
Sell
Aggregate
⇒
⇘
⇒
The New Zealand Dollar has edged higher by 61 points or 0.93% against the US Dollar since October 8. The currency pair tested a resistance cluster formed by the 100– and 200– hour SMAs at 0.6611 on Friday morning.
If the resistance cluster, as mentioned above, holds, bearish traders could pressure the NZD/USD exchange rate towards the 0.6580 area during the following trading session.
However, if the currency exchange rate breaks the 100– and 200– hour SMAs, bulls could target the monthly pivot point at 0.6639 within this session.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.
To learn more about Dukascopy Bank Binary Options
/ Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Business Introducer and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.