NZD/USD sets for breakout - Technical Analysis - Dukascopy Bank
Tue, 10 Nov 2020 09:40:40 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
25%
27%
-5.2%
Shorts
75%
73%
1.8%
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 Monday. The currency pair tested the upper boundary of an ascending channel pattern at 0.6852 during Monday's trading session.
Currently, the exchange rate is trading near the upper line 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, bears might drive the currency exchange rate lower today.
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