NZD/USD decline to continue - Technical Analysis - Dukascopy Bank
Fri, 13 Nov 2020 09:32:18 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
28%
26%
9.5%
Shorts
72%
74%
-3.7%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Buy
Neutral
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Sell
Buy
Buy
Aggregate
⇗
⇗
⇗
The New Zealand Dollar declined by 65 pips or 0.94% against the US Dollar on Thursday. The currency pair breached the 50– and 100– hour SMAs during yesterday's trading session.
Most likely, bearish traders could continue to pressure the exchange rate lower during the following trading session. The potential target for bears would be near the 0.6750 level.
However, the 200– hour simple moving average at 0.6780 could provide support for the currency exchange rate within this session.
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.