NZD/USD likely to edge up - Technical Analysis - Dukascopy Bank
Thu, 05 Nov 2020 09:38:21 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
28%
30%
-7.4%
Shorts
72%
70%
2.8%
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 fell by 101 points or 1.51% against the US Dollar during the Asian session on Wednesday. However, the exchange rate regained their lost position by the end of yesterday's trading session.
By and large, the currency pair is likely to continue to trend bullish in an ascending channel pattern during the following trading session. The potential target for the NZD/USD exchange rate will be at the 0.6770 level.
Though, the upper line of the channel pattern could provide resistance for the currency exchange rate within the following trading hours.
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