NZD/USD awaiting US election results - Technical Analysis - Dukascopy Bank
Wed, 04 Nov 2020 07:44:59 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
30%
40%
-34.3%
Shorts
70%
60%
14.6%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Sell
Buy
Sell
Aggregate
⇒
⇗
⇒
The New Zealand Dollar surged by 106 pips or 1.61% against the US Dollar on Tuesday. A breakout occurred through the upper boundary of a descending channel pattern during yesterday's trading session.
Downside momentum dominated the exchange rate during the Asian session on Wednesday. Most likely, the NZD/USD currency exchange rate could continue to edge lower today.
However, technical analysis outlook might be obsolete due to the US presidential election results expected before the end of Wednesday's trading session.
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