NZD/USD could edge higher - Technical Analysis - Dukascopy Bank
Thu, 12 Nov 2020 09:39:35 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
26%
29%
-14.1%
Shorts
74%
71%
4.8%
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
⇗
⇗
⇒
New Zealand's Dollar surged by 37 basis points or 0.53% against the US Dollar on Wednesday. The currency pair tested the 0.6900 level during yesterday's trading session.
Technical indicators demonstrate buying signals on the 4 hours and daily time-frame charts. Most likely, bullish traders would continue to pressure the exchange rate higher during the following trading session.
However, the upper boundary of an ascending channel pattern could provide resistance for the currency exchange rate within this session.
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