NZD/USD breakout occurs - Technical Analysis - Dukascopy Bank
Wed, 28 Oct 2020 08:53:17 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
28%
25%
7.8%
Shorts
72%
75%
-3.0%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Sell
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Sell
Aggregate
⇗
⇗
⇒
New Zealand's dollar rose by 39 points or 0.59% against the US Dollar on Tuesday. The 50– hour simple moving average provided support for the currency pair during yesterday session.
A breakout occurred through the lower boundary of an ascending channel pattern on Wednesday morning.
Given that a breakout had occurred, bears would continue to pressure the exchange rate lower within this session.
However, the 100– hour SMA at 0.6685 could provide support for the currency exchange rate in the shorter term.
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