NZD/USD could edge higher - Technical Analysis - Dukascopy Bank
Mon, 09 Nov 2020 10:23:13 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
27%
29%
-8.3%
Shorts
73%
71%
3.0%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Sell
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Sell
Aggregate
⇗
⇗
⇒
The 50– hour simple moving average guided the New Zealand Dollar against the US Dollar on Friday. The currency pair made about 35 pips move during Friday's trading session.
The NZD/USD exchange rate is currently trading near the upper boundary of an ascending channel pattern and could be set for a breakout.
If the breakout occurs, a surge towards the 0.6900 level could be expected within this session.
However, if the channel pattern holds, bearish traders could target the support cluster at 0.6720 today.
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.