NZD/USD bounces off support - Technical Analysis - Dukascopy Bank
Tue, 13 Oct 2020 08:55:18 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
54%
57%
-4.1%
Shorts
46%
43%
4.9%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Sell
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Sell
Neutral
Neutral
Alligator(13;8;5)
Buy
Sell
Buy
SAR(0.02;0.2)
Buy
Buy
Sell
Aggregate
⇗
⇒
⇒
The New Zealand Dollar declined by 28 pips or 0.42% against the US Dollar on Monday. The currency pair breached the 50– hour simple moving average on Tuesday morning.
The exchange rate bounced off a support cluster formed by the weekly pivot point and the 200– hour SMA at 0.6627 during the London session on Tuesday. Bulls could continue to drive the price higher today.
However, technical indicators suggest that the currency exchange rate might trade sideways during the following trading session.
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