NZD/USD likely to edge higher - Technical Analysis - Dukascopy Bank
Thu, 22 Oct 2020 08:48:34 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
41%
41%
1.6%
Shorts
59%
59%
-1.1%
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)
Sell
Sell
Buy
SAR(0.02;0.2)
Sell
Buy
Sell
Aggregate
⇘
⇒
⇒
Upside risks dominated the New Zealand Dollar against the US Dollar on Wednesday. The currency pair breached the weekly resistance level at 0.6662 during yesterday's trading session.
All things being equal, the NZD/USD exchange rate will most likely continue to trend higher during the following trading session. The potential target for bullish traders would be at the 0.6700 level.
However, technical indicators suggest that the currency exchange rate could edge lower within this session.
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