NZD/USD two scenarios likely - Technical Analysis - Dukascopy Bank
Fri, 30 Oct 2020 09:06:59 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
30%
27%
9.0%
Shorts
70%
73%
-3.8%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Buy
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Sell
Buy
Buy
SAR(0.02;0.2)
Sell
Sell
Sell
Aggregate
⇘
⇒
⇒
The NZD/USD currency pair is currently trading in a narrow descending channel pattern. The New Zealand Dollar declined by 65 pips or 0.98% against the US Dollar during yesterday's trading session.
Technical indicators suggest that bears are likely to continue to pressure the exchange rate lower during the following trading session. The potential target for bearish traders would be at the 0.6560 level.
However, given that the currency exchange rate is located near the upper line of the descending channel pattern, a breakout could occur 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.